Boothbay Fund Management LLC grew its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,793 shares of the mining company's stock after purchasing an additional 39,485 shares during the period. Boothbay Fund Management LLC's holdings in AngloGold Ashanti were worth $6,964,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in AU. Raymond James Financial Inc. purchased a new position in AngloGold Ashanti during the fourth quarter worth $406,000. Northern Trust Corp acquired a new position in AngloGold Ashanti in the 4th quarter worth $7,262,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of AngloGold Ashanti in the fourth quarter worth $418,000. Ameriprise Financial Inc. lifted its stake in AngloGold Ashanti by 13.1% during the fourth quarter. Ameriprise Financial Inc. now owns 12,135 shares of the mining company's stock worth $280,000 after purchasing an additional 1,402 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in AngloGold Ashanti during the 4th quarter worth $7,116,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.
AngloGold Ashanti Stock Performance
Shares of AU traded up $2.55 during trading hours on Monday, hitting $62.32. The stock had a trading volume of 4,706,058 shares, compared to its average volume of 3,144,804. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $62.65. The firm has a market capitalization of $26.16 billion, a PE ratio of 16.57 and a beta of 0.53. The stock has a fifty day moving average price of $51.98 and a 200 day moving average price of $44.16.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. Analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.80 per share. This represents a dividend yield of 610.0%. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date was Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is 85.11%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on AU shares. Zacks Research downgraded AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Scotiabank reissued a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a report on Monday, August 11th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Finally, Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $49.60.
Read Our Latest Analysis on AU
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.
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