Wellington Management Group LLP Has $20.91 Million Holdings in AngloGold Ashanti PLC $AU

Key Points

• Wellington Management Group LLP significantly increased its stake in AngloGold Ashanti PLC by 3,127%, purchasing an additional 543,936 shares, bringing their total to 561,331 shares valued at approximately $20.91 million.
• AngloGold Ashanti recently announced a semi-annual dividend of $0.80 per share, marking an increase from the previous $0.69, which reflects a yield of 610.0%.
• Analysts have varied opinions on the stock, with recent ratings highlighting a consensus of a "Moderate Buy" and a target price of $49.60.

Wellington Management Group LLP lifted its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 3,127.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 561,331 shares of the mining company's stock after purchasing an additional 543,936 shares during the quarter. Wellington Management Group LLP owned 0.13% of AngloGold Ashanti worth $20,911,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Korea Investment CORP increased its holdings in shares of AngloGold Ashanti by 4.5% during the first quarter. Korea Investment CORP now owns 195,350 shares of the mining company's stock worth $7,295,000 after purchasing an additional 8,463 shares during the period. Qtron Investments LLC acquired a new stake in shares of AngloGold Ashanti during the 1st quarter worth approximately $540,000. Freestone Capital Holdings LLC acquired a new stake in shares of AngloGold Ashanti during the 1st quarter worth approximately $254,000. Fox Run Management L.L.C. boosted its position in shares of AngloGold Ashanti by 191.5% during the 1st quarter. Fox Run Management L.L.C. now owns 47,038 shares of the mining company's stock worth $1,746,000 after acquiring an additional 30,902 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of AngloGold Ashanti by 2.4% during the 1st quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company's stock worth $150,054,000 after acquiring an additional 95,668 shares in the last quarter. 36.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AU shares. JPMorgan Chase & Co. increased their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Scotiabank reiterated a "sector perform" rating and set a $55.00 price target on shares of AngloGold Ashanti in a research report on Monday, August 11th. Roth Capital reiterated a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Finally, Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $49.60.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock traded up $1.56 during mid-day trading on Friday, reaching $56.76. The company had a trading volume of 3,967,429 shares, compared to its average volume of 2,701,117. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $59.19. 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 has a market cap of $23.82 billion, a P/E ratio of 15.10 and a beta of 0.53. The business has a fifty day simple moving average of $50.77 and a 200 day simple moving average of $43.23.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its 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 company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, 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. Shareholders of record on Friday, August 22nd will be given a $0.80 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. The ex-dividend date is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio (DPR) is 85.11%.

AngloGold Ashanti Profile

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.