Public Employees Retirement System of Ohio lowered its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 46.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,088 shares of the mining company's stock after selling 28,210 shares during the quarter. Public Employees Retirement System of Ohio's holdings in AngloGold Ashanti were worth $716,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AU. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in AngloGold Ashanti by 44.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 564,903 shares of the mining company's stock valued at $12,584,000 after buying an additional 173,188 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AngloGold Ashanti by 25.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,564,634 shares of the mining company's stock worth $36,112,000 after purchasing an additional 313,142 shares during the last quarter. Voloridge Investment Management LLC bought a new position in AngloGold Ashanti in the 4th quarter worth about $24,741,000. Two Sigma Advisers LP purchased a new stake in AngloGold Ashanti during the 4th quarter valued at about $1,566,000. Finally, Two Sigma Investments LP bought a new stake in AngloGold Ashanti during the 4th quarter valued at about $8,192,000. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
AU stock traded down $1.12 during trading on Friday, reaching $45.97. The stock had a trading volume of 2,986,893 shares, compared to its average volume of 2,636,791. The firm has a market cap of $19.29 billion, a PE ratio of 15.12 and a beta of 0.49. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $41.59 and its two-hundred day moving average is $33.16. AngloGold Ashanti plc has a 52 week low of $22.13 and a 52 week high of $48.10.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a dividend of $0.125 per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, May 30th. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on AU shares. Royal Bank of Canada increased their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank lifted their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. HSBC reiterated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, AngloGold Ashanti currently has an average rating of "Moderate Buy" and a consensus price target of $41.30.
Get Our Latest Stock Report on AngloGold Ashanti
About AngloGold Ashanti
(
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.
Featured Articles
Before you consider AngloGold Ashanti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AngloGold Ashanti wasn't on the list.
While AngloGold Ashanti currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
