Korea Investment CORP lifted its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,350 shares of the mining company's stock after purchasing an additional 8,463 shares during the quarter. Korea Investment CORP's holdings in AngloGold Ashanti were worth $7,295,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of AU. Raymond James Financial Inc. bought a new position in AngloGold Ashanti in the fourth quarter worth $406,000. Mariner LLC raised its stake in shares of AngloGold Ashanti by 36.2% in the 4th quarter. Mariner LLC now owns 13,109 shares of the mining company's stock valued at $303,000 after buying an additional 3,485 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of AngloGold Ashanti by 9.4% during the 4th quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock worth $134,000 after acquiring an additional 500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $118,448,000 after acquiring an additional 3,764,165 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of AngloGold Ashanti during the 4th quarter valued at about $2,481,000. 36.09% of the stock is currently owned by institutional investors.
AngloGold Ashanti Price Performance
Shares of AU stock traded down $0.87 during trading hours on Thursday, hitting $54.48. 1,236,298 shares of the company's stock were exchanged, compared to its average volume of 3,091,620. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 14.53 and a beta of 0.46. AngloGold Ashanti PLC has a 52 week low of $22.45 and a 52 week high of $59.19. The stock's 50-day moving average is $50.44 and its 200-day moving average is $42.78.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released 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 return on equity of 22.54% and a net margin of 23.60%.The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. As a group, research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.80 per share. This represents a yield of 610.0%. The ex-dividend date is Friday, August 22nd. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio is currently 85.11%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Scotiabank reissued a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, AngloGold Ashanti has a consensus rating of "Moderate Buy" and a consensus target price of $49.60.
Read 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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