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

Hussman Strategic Advisors Inc. raised its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,000 shares of the mining company's stock after buying an additional 51,000 shares during the quarter. AngloGold Ashanti accounts for approximately 1.4% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 6th biggest holding. Hussman Strategic Advisors Inc.'s holdings in AngloGold Ashanti were worth $5,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AU. Assenagon Asset Management S.A. grew its holdings 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 purchasing an additional 235 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 purchasing an additional 500 shares during the last quarter. Forefront Wealth Management Inc. grew its holdings 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 purchasing an additional 638 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 796 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth about $30,000. Institutional investors own 36.09% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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. Royal Bank Of Canada upped their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank upped their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Wall Street Zen downgraded shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to MarketBeat, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus price target of $45.08.

AngloGold Ashanti Stock Up 1.1%

NYSE AU traded up $0.53 during trading hours on Friday, reaching $47.58. 2,362,218 shares of the company's stock were exchanged, compared to its average volume of 2,903,742. The company's 50-day moving average is $45.65 and its two-hundred day moving average is $37.90. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $51.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 15.65 and a beta of 0.48.

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

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.125 dividend. This represents a dividend yield of 1.14%. The ex-dividend date was Friday, May 30th. AngloGold Ashanti's payout ratio is presently 16.45%.

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.