Hussman Strategic Advisors Inc. Boosts Position in AngloGold Ashanti PLC (NYSE:AU)

Hussman Strategic Advisors Inc. boosted its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 50.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,000 shares of the mining company's stock after buying an additional 51,000 shares during the period. AngloGold Ashanti accounts for approximately 1.4% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 6th largest holding. Hussman Strategic Advisors Inc.'s holdings in AngloGold Ashanti were worth $5,679,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AU. Assenagon Asset Management S.A. raised its position in shares of AngloGold Ashanti by 2.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 11,353 shares of the mining company's stock worth $424,000 after buying an additional 235 shares during the period. NewEdge Advisors LLC raised its position in shares of AngloGold Ashanti by 9.4% in the 4th quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock worth $134,000 after buying an additional 500 shares during the period. Forefront Wealth Management Inc. raised its position in shares of AngloGold Ashanti by 1.7% in the 1st quarter. Forefront Wealth Management Inc. now owns 38,529 shares of the mining company's stock worth $1,430,000 after buying an additional 638 shares during the period. EverSource Wealth Advisors LLC raised its position 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 buying an additional 796 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of AngloGold Ashanti in the 1st quarter worth $30,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 5.8%

AngloGold Ashanti stock traded up $2.76 during midday trading on Monday, hitting $50.42. 1,072,249 shares of the stock were exchanged, compared to its average volume of 2,896,629. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $51.11. The firm has a market cap of $21.16 billion, a P/E ratio of 16.59 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. The company has a 50 day moving average price of $45.65 and a two-hundred day moving average price of $37.99.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.125 per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.

Analysts Set New Price Targets

AU has been the subject of a number of research reports. Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. JPMorgan Chase & Co. upped 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 boosted their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Roth Capital boosted their price target on AngloGold Ashanti from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.08.

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.