Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,040 shares of the mining company's stock, valued at approximately $521,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in AngloGold Ashanti during the 4th quarter valued at approximately $392,000. Vanguard Capital Wealth Advisors bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth $221,000. Cerity Partners LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth $312,000. Geode Capital Management LLC increased its holdings in shares of AngloGold Ashanti by 59.2% in the 4th quarter. Geode Capital Management LLC now owns 520,772 shares of the mining company's stock worth $12,019,000 after purchasing an additional 193,664 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth $238,000. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Trading Down 0.7%
Shares of AU traded down $0.37 during mid-day trading on Friday, reaching $54.34. 2,522,295 shares of the company's stock traded hands, compared to its average volume of 3,139,650. The stock has a market cap of $22.81 billion, a P/E ratio of 14.45 and a beta of 0.46. The stock's 50-day moving average is $49.25 and its two-hundred day moving average is $41.30. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $59.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted 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). The company had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.29 billion. AngloGold Ashanti had a return on equity of 24.25% and a net margin of 23.60%. Research analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is currently 13.30%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on AU shares. HSBC reissued a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a report on Thursday, April 17th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Scotiabank reaffirmed a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a report on Monday. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.60.
Get Our Latest Stock Analysis on AU
AngloGold Ashanti Company Profile
(
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.
See Also
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access