Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 788.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 799,365 shares of the mining company's stock after purchasing an additional 709,416 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.19% of AngloGold Ashanti worth $29,672,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AU. Vanguard Group Inc. raised its stake in AngloGold Ashanti by 0.7% in the first quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock valued at $787,791,000 after purchasing an additional 145,125 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AngloGold Ashanti by 274.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares during the period. Marshall Wace LLP raised its holdings in AngloGold Ashanti by 3,767.1% in the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock worth $63,503,000 after purchasing an additional 2,680,261 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of AngloGold Ashanti by 68.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,569,868 shares of the mining company's stock worth $59,313,000 after purchasing an additional 1,045,335 shares during the period. Finally, Ninety One UK Ltd boosted its stake in shares of AngloGold Ashanti by 19.8% during the 1st quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company's stock valued at $86,774,000 after purchasing an additional 386,078 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Price Performance
AU traded down $1.10 during trading on Thursday, reaching $54.69. 1,302,221 shares of the company traded hands, compared to its average volume of 3,139,232. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $59.19. The firm has a fifty day simple moving average of $49.10 and a 200 day simple moving average of $41.11. The company has a market cap of $22.95 billion, a P/E ratio of 14.53 and a beta of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. On average, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be given a $0.80 dividend. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. The ex-dividend date is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is 13.30%.
Analysts Set New Price Targets
Several analysts have commented on AU shares. JPMorgan Chase & Co. raised their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Scotiabank restated a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a report on Monday. Roth Capital reiterated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. HSBC restated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Finally, Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti has an average rating of "Hold" and a consensus target price of $49.60.
View Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Company Profile
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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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