Euro Pacific Asset Management LLC purchased a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,820 shares of the mining company's stock, valued at approximately $1,625,000.
Other institutional investors also recently modified their holdings of the company. 111 Capital bought a new stake in AngloGold Ashanti in the 2nd quarter worth about $293,000. Ascent Group LLC grew its stake in shares of AngloGold Ashanti by 38.8% in the second quarter. Ascent Group LLC now owns 8,623 shares of the mining company's stock worth $393,000 after acquiring an additional 2,409 shares during the period. Vigilare Wealth Management bought a new stake in shares of AngloGold Ashanti in the second quarter worth approximately $283,000. Lee Johnson Capital Management LLC purchased a new position in shares of AngloGold Ashanti during the second quarter valued at approximately $787,000. Finally, Forefront Wealth Management Inc. lifted its position in AngloGold Ashanti by 46.8% during the second quarter. Forefront Wealth Management Inc. now owns 56,545 shares of the mining company's stock valued at $2,577,000 after purchasing an additional 18,016 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.
AngloGold Ashanti Stock Up 1.2%
AU opened at $73.32 on Monday. The stock has a market cap of $30.77 billion, a price-to-earnings ratio of 19.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The firm's fifty day moving average is $59.80 and its 200 day moving average is $49.13. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $73.82.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly 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). 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 for the quarter, compared to the consensus estimate of $2.29 billion. On average, sell-side 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. Investors of record on Friday, August 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's payout ratio is presently 85.11%.
Wall Street Analyst Weigh In
AU has been the subject of a number of research analyst reports. Scotiabank reaffirmed a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Zacks Research upgraded AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. Roth Capital set a $76.00 target price on AngloGold Ashanti and gave the company a "buy" rating in a report on Friday. Weiss Ratings reissued a "hold (c+)" rating on shares of AngloGold Ashanti in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AngloGold Ashanti presently has an average rating of "Hold" and a consensus target price of $54.00.
Get 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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