Lansforsakringar Fondforvaltning AB publ boosted its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,922 shares of the mining company's stock after acquiring an additional 15,137 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in AngloGold Ashanti were worth $4,101,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in AU. Coronation Fund Managers Ltd. bought a new position in AngloGold Ashanti in the 1st quarter valued at about $63,186,000. Voloridge Investment Management LLC bought a new position in AngloGold Ashanti in the 4th quarter valued at about $24,741,000. Nuveen LLC bought a new position in AngloGold Ashanti in the 1st quarter valued at about $37,451,000. AQR Capital Management LLC lifted its position in shares of AngloGold Ashanti by 7,804.7% during the 4th quarter. AQR Capital Management LLC now owns 930,781 shares of the mining company's stock worth $21,482,000 after buying an additional 919,006 shares in the last quarter. Finally, Man Group plc lifted its position in shares of AngloGold Ashanti by 117.0% during the 4th quarter. Man Group plc now owns 1,549,978 shares of the mining company's stock worth $35,773,000 after buying an additional 835,547 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Zacks Research cut shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Scotiabank reissued a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, AngloGold Ashanti currently has an average rating of "Hold" and an average price target of $49.60.
Get Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Performance
AngloGold Ashanti stock traded down $1.12 during mid-day trading on Thursday, reaching $58.21. The company's stock had a trading volume of 3,641,584 shares, compared to its average volume of 3,130,137. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $60.36. The company has a market capitalization of $24.43 billion, a P/E ratio of 15.48 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. The firm's fifty day moving average price is $51.43 and its two-hundred day moving average price is $43.61.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released 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). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. Sell-side analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.80 per share. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 610.0%. AngloGold Ashanti's dividend payout ratio (DPR) is presently 85.11%.
AngloGold Ashanti Profile
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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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