Greenleaf Trust Acquires New Holdings in AngloGold Ashanti PLC (NYSE:AU)

Greenleaf Trust purchased a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,274 shares of the mining company's stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in AngloGold Ashanti during the 1st quarter worth about $30,000. Whittier Trust Co. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC raised its holdings in AngloGold Ashanti by 210.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after buying an additional 796 shares during the period. Hara Capital LLC acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $29,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $32,000. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AU has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Royal Bank Of Canada boosted their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. HSBC reissued a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Wall Street Zen cut AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, Scotiabank upped their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.

AngloGold Ashanti Price Performance

Shares of NYSE:AU traded up $0.57 during midday trading on Friday, reaching $47.10. The company's stock had a trading volume of 2,266,203 shares, compared to its average volume of 2,884,995. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $51.11. The company has a market capitalization of $19.77 billion, a P/E ratio of 15.49 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. The business's fifty day simple moving average is $45.24 and its 200-day simple moving average is $37.06.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.125 per share. This represents a dividend yield of 1.14%. The ex-dividend date was Friday, May 30th. AngloGold Ashanti's dividend payout ratio is 16.45%.

AngloGold Ashanti Profile

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.