Bank of New York Mellon Corp Buys 73,671 Shares of AngloGold Ashanti PLC (NYSE:AU)

Bank of New York Mellon Corp grew its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 673,608 shares of the mining company's stock after purchasing an additional 73,671 shares during the period. Bank of New York Mellon Corp owned approximately 0.16% of AngloGold Ashanti worth $25,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of AngloGold Ashanti by 58.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 489,991 shares of the mining company's stock worth $18,188,000 after purchasing an additional 181,000 shares during the period. Spire Wealth Management grew its position in AngloGold Ashanti by 13,908.8% during the first quarter. Spire Wealth Management now owns 9,526 shares of the mining company's stock worth $354,000 after buying an additional 9,458 shares in the last quarter. Blue Trust Inc. grew its position in AngloGold Ashanti by 185.3% during the first quarter. Blue Trust Inc. now owns 4,177 shares of the mining company's stock worth $155,000 after buying an additional 2,713 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in AngloGold Ashanti during the first quarter worth $30,000. Finally, Lesa Sroufe & Co bought a new stake in AngloGold Ashanti during the first quarter worth $4,657,000. Institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Trading Up 1.1%

NYSE AU traded up $0.53 during trading on Friday, hitting $47.58. 2,362,218 shares of the company's stock traded hands, compared to its average volume of 2,903,742. The stock has a fifty day moving average of $45.65 and a two-hundred day moving average of $37.90. 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 PLC has a 12-month low of $22.45 and a 12-month high of $51.11. The firm has a market cap of $19.97 billion, a P/E ratio of 15.65 and a beta of 0.48.

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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current 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 given a dividend of $0.125 per share. This represents a dividend yield of 1.14%. The ex-dividend date was Friday, May 30th. AngloGold Ashanti's dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of recent research reports. Roth Capital increased their price objective on AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. HSBC reaffirmed a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. 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. lifted their target price 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. Finally, Scotiabank lifted their target price 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, AngloGold Ashanti has a consensus rating of "Moderate Buy" and an average price target 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.