AngloGold Ashanti PLC $AU Shares Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC increased its stake in AngloGold Ashanti PLC by 7.6% during the second quarter, owning approximately 0.13% of the company, valued at $24 million.
• The company recently declared a semi-annual dividend of $0.80, up from $0.69, reflecting a robust yield of 610.0% and a payout ratio of 85.11%.
• AngloGold Ashanti reported $1.25 earnings per share for the last quarter, missing estimates but having a revenue of $2.45 billion, exceeding projections of $2.29 billion.

Allspring Global Investments Holdings LLC raised its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,391 shares of the mining company's stock after buying an additional 37,400 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of AngloGold Ashanti worth $24,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AU. Coronation Fund Managers Ltd. purchased a new position in shares of AngloGold Ashanti during the first quarter worth $63,186,000. Ruffer LLP purchased a new position in shares of AngloGold Ashanti during the second quarter worth $52,267,000. Nuveen LLC purchased a new position in shares of AngloGold Ashanti during the first quarter worth $37,451,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of AngloGold Ashanti by 788.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,365 shares of the mining company's stock worth $29,672,000 after buying an additional 709,416 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of AngloGold Ashanti by 3,127.0% during the first quarter. Wellington Management Group LLP now owns 561,331 shares of the mining company's stock worth $20,911,000 after buying an additional 543,936 shares during the period. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 4.4%

AngloGold Ashanti stock opened at $78.52 on Friday. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $79.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. The stock has a market cap of $32.96 billion, a PE ratio of 20.88 and a beta of 0.53. The stock's fifty day moving average is $63.90 and its two-hundred day moving average is $51.36.

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

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.80 dividend. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. The ex-dividend date was Friday, August 22nd. AngloGold Ashanti's payout ratio is 85.11%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Roth Capital set a $76.00 target price on AngloGold Ashanti and gave the company a "buy" rating in a report on Friday, October 3rd. Zacks Research upgraded AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of AngloGold Ashanti in a report on Wednesday, October 8th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.00.

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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