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Credit Agricole S A Buys 107,654 Shares of AngloGold Ashanti PLC $AU

AngloGold Ashanti logo with Basic Materials background

Key Points

  • Credit Agricole S A increased its stake in AngloGold Ashanti PLC by 23% during the first quarter, owning a total of 575,728 shares valued at approximately $21.37 million.
  • AngloGold Ashanti announced a semi-annual dividend increase from $0.69 to $0.80, achieving a significant dividend yield of 610%.
  • Analyst ratings for AngloGold Ashanti vary, with four analysts giving a "Buy" rating and the company currently holding a consensus rating of "Moderate Buy" with a target price of $49.60.
  • Need better tools to track AngloGold Ashanti? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Credit Agricole S A raised its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 575,728 shares of the mining company's stock after buying an additional 107,654 shares during the quarter. Credit Agricole S A owned 0.14% of AngloGold Ashanti worth $21,371,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in AngloGold Ashanti by 274.8% in 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 acquiring an additional 3,764,165 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in AngloGold Ashanti in the 1st quarter worth about $63,186,000. Voloridge Investment Management LLC purchased a new position in shares of AngloGold Ashanti in the fourth quarter valued at $24,741,000. Price T Rowe Associates Inc. MD increased its holdings in AngloGold Ashanti by 68.6% during 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 acquiring an additional 1,045,335 shares during the period. Finally, Nuveen LLC bought a new stake in shares of AngloGold Ashanti during the 1st quarter valued at about $37,451,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock traded down $0.2180 during trading on Friday, reaching $54.6120. 3,137,205 shares of the stock traded hands, compared to its average volume of 2,761,803. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 1.57. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $59.19. The business has a fifty day simple moving average of $50.06 and a two-hundred day simple moving average of $42.37. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 14.52 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. Sell-side analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. AngloGold Ashanti's payout ratio is presently 13.30%.

Analysts Set New Price Targets

A number of brokerages recently commented on AU. Scotiabank reiterated a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.60.

Get Our Latest Stock Report 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

Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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