Gamco Investors INC. ET AL increased its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,508 shares of the mining company's stock after purchasing an additional 6,868 shares during the quarter. Gamco Investors INC. ET AL's holdings in AngloGold Ashanti were worth $3,397,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of AU. Vanguard Group Inc. grew its stake in AngloGold Ashanti by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock valued at $787,791,000 after buying an additional 145,125 shares in the last quarter. Russell Investments Group Ltd. grew its stake in AngloGold Ashanti by 2.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company's stock valued at $150,054,000 after buying an additional 95,668 shares in the last quarter. Ninety One UK Ltd grew its stake in AngloGold Ashanti by 19.8% in the 1st quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company's stock valued at $86,774,000 after buying an additional 386,078 shares in the last quarter. Deutsche Bank AG grew its stake in AngloGold Ashanti by 58.7% in the 4th quarter. Deutsche Bank AG now owns 2,046,670 shares of the mining company's stock valued at $47,237,000 after buying an additional 756,801 shares in the last quarter. Finally, Invesco Ltd. grew its stake in AngloGold Ashanti by 0.4% in the 1st quarter. Invesco Ltd. now owns 2,006,411 shares of the mining company's stock valued at $74,478,000 after buying an additional 8,486 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AU. Scotiabank reiterated a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Monday, August 11th. Zacks Research lowered shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted 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. Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.60.
Get Our Latest Stock Analysis on AU
AngloGold Ashanti Price Performance
Shares of AU traded up $1.88 during mid-day trading on Wednesday, reaching $60.02. 1,816,938 shares of the stock traded hands, compared to its average volume of 3,117,760. The firm has a fifty day moving average price of $51.17 and a 200 day moving average price of $43.50. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 15.98 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. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $60.36.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The firm had revenue of $2.45 billion for 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%. As a group, equities research analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be given a $0.80 dividend. This represents a yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio (DPR) is presently 85.11%.
AngloGold Ashanti Profile
(
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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