AngloGold Ashanti PLC $AU Shares Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in AngloGold Ashanti PLC by 20.9%, acquiring an additional 21,180 shares, bringing its total holdings to 122,331 shares worth approximately $4.57 million.
• The company recently announced a semi-annual dividend of $0.80 per share, a notable increase from the previous dividend of $0.69, reflecting a strong payout ratio of 85.11%.
• Despite a missed earnings estimate of $1.31 per share, AngloGold Ashanti reported revenue of $2.45 billion for the last quarter, surpassing expectations of $2.29 billion.

Edmond DE Rothschild Holding S.A. lifted its stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 20.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,331 shares of the mining company's stock after purchasing an additional 21,180 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in AngloGold Ashanti were worth $4,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Boothbay Fund Management LLC grew its stake in AngloGold Ashanti by 27.0% in the 1st quarter. Boothbay Fund Management LLC now owns 185,793 shares of the mining company's stock valued at $6,964,000 after acquiring an additional 39,485 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in AngloGold Ashanti in the 1st quarter valued at about $279,000. Panagora Asset Management Inc. grew its stake in AngloGold Ashanti by 32.7% in the 1st quarter. Panagora Asset Management Inc. now owns 396,602 shares of the mining company's stock valued at $14,722,000 after acquiring an additional 97,724 shares during the last quarter. Vident Advisory LLC grew its stake in AngloGold Ashanti by 51.4% in the 1st quarter. Vident Advisory LLC now owns 23,632 shares of the mining company's stock valued at $877,000 after acquiring an additional 8,019 shares during the last quarter. Finally, State of Wyoming grew its stake in AngloGold Ashanti by 233.9% in the 1st quarter. State of Wyoming now owns 26,951 shares of the mining company's stock valued at $1,000,000 after acquiring an additional 18,879 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Scotiabank reissued a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Monday, August 11th. Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Price Performance

NYSE:AU opened at $58.00 on Friday. The firm has a market cap of $24.35 billion, a price-to-earnings ratio of 15.43 and a beta of 0.54. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. The company's 50-day moving average is $51.66 and its two-hundred day moving average is $43.79. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $60.36.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. Research analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.80 per share. This represents a dividend yield of 610.0%. The ex-dividend date is Friday, August 22nd. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's payout ratio is currently 85.11%.

About AngloGold Ashanti

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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