Allspring Global Investments Holdings LLC raised its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 58.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 489,991 shares of the mining company's stock after purchasing an additional 181,000 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of AngloGold Ashanti worth $18,188,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in AngloGold Ashanti in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after acquiring an additional 796 shares during the last quarter. Hara Capital LLC purchased a new position in shares of AngloGold Ashanti during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $30,000. Finally, Nomura Asset Management Co. Ltd. acquired a new position in AngloGold Ashanti during the fourth quarter worth $32,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on AU. Roth Capital boosted their price objective on AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. JPMorgan Chase & Co. increased their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Scotiabank raised their price objective on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.
Read Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Down 0.0%
NYSE:AU traded down $0.01 during mid-day trading on Friday, hitting $46.65. The stock had a trading volume of 1,914,491 shares, compared to its average volume of 2,866,101. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $51.11. The stock has a 50-day simple moving average of $44.65 and a two-hundred day simple moving average of $36.26. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $19.58 billion, a PE ratio of 15.35 and a beta of 0.48.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. On average, equities research analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.125 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's payout ratio is currently 16.45%.
AngloGold Ashanti Company Profile
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Free Report)
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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