EP Wealth Advisors LLC bought a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,504 shares of the mining company's stock, valued at approximately $279,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of AU. Vanguard Group Inc. grew its position in shares of AngloGold Ashanti by 0.7% during the first quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock worth $787,791,000 after purchasing an additional 145,125 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of AngloGold Ashanti by 2.4% during the 1st quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company's stock worth $150,054,000 after acquiring an additional 95,668 shares during the last quarter. Ninety One UK Ltd lifted 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 worth $86,774,000 after acquiring an additional 386,078 shares during the last quarter. Deutsche Bank AG raised its position in AngloGold Ashanti by 58.7% during the 4th quarter. Deutsche Bank AG now owns 2,046,670 shares of the mining company's stock valued at $47,237,000 after purchasing an additional 756,801 shares in the last quarter. Finally, Invesco Ltd. raised its position in AngloGold Ashanti by 0.4% during the 1st quarter. Invesco Ltd. now owns 2,006,411 shares of the mining company's stock valued at $74,478,000 after purchasing an additional 8,486 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
AU traded up $0.47 during trading on Friday, reaching $66.02. The company's stock had a trading volume of 1,283,010 shares, compared to its average volume of 3,135,691. The company's fifty day moving average price is $53.37 and its 200-day moving average price is $44.86. The company has a market capitalization of $27.71 billion, a price-to-earnings ratio of 17.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $66.45.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%.The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.29 billion. On average, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.80 dividend. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date was Friday, August 22nd. This represents a yield of 610.0%. AngloGold Ashanti's payout ratio is presently 85.11%.
Analysts Set New Price Targets
A number of analysts have recently commented on AU shares. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Scotiabank reissued a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a report on Monday, August 11th. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Zacks Research cut AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. Finally, Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, AngloGold Ashanti presently has an average rating of "Hold" and an average target price of $49.60.
View Our Latest Stock Report on AngloGold Ashanti
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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