Bank of New York Mellon Corp Acquires New Position in AngloGold Ashanti PLC $AU

Bank of New York Mellon Corp acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,246,730 shares of the mining company's stock, valued at approximately $100,848,000. Bank of New York Mellon Corp owned approximately 0.25% of AngloGold Ashanti as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in AngloGold Ashanti by 406.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,288,253 shares of the mining company's stock worth $539,119,000 after acquiring an additional 5,047,686 shares during the last quarter. Norges Bank purchased a new stake in AngloGold Ashanti during the 4th quarter valued at $426,477,000. State Street Corp boosted its stake in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company's stock valued at $226,354,000 after purchasing an additional 4,577,807 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of AngloGold Ashanti by 5,109.9% in the 4th quarter. AQR Capital Management LLC now owns 2,082,326 shares of the mining company's stock worth $179,286,000 after purchasing an additional 2,042,357 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of AngloGold Ashanti by 64.5% in the 4th quarter. Capital World Investors now owns 4,186,463 shares of the mining company's stock worth $357,022,000 after purchasing an additional 1,641,545 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on AU. Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $155.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Freedom Capital raised shares of AngloGold Ashanti to a "strong-buy" rating in a research note on Friday, June 26th. Weiss Ratings downgraded shares of AngloGold Ashanti from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.50.

AngloGold Ashanti Trading Down 0.7%

AngloGold Ashanti stock opened at $120.37 on Tuesday. The stock has a market cap of $60.77 billion, a P/E ratio of 16.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. AngloGold Ashanti PLC has a 1 year low of $53.94 and a 1 year high of $129.14. The firm's 50 day moving average price is $87.28 and its 200-day moving average price is $95.76.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.03 by ($0.05). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 39.54%. On average, equities analysts predict that AngloGold Ashanti PLC will post 8.14 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 21st. AngloGold Ashanti's dividend payout ratio is 6.70%.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.

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