Lesa Sroufe & Co bought a new stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 125,448 shares of the mining company's stock, valued at approximately $4,657,000. AngloGold Ashanti accounts for approximately 4.6% of Lesa Sroufe & Co's portfolio, making the stock its 4th biggest holding.
Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after purchasing an additional 796 shares during the last quarter. Hara Capital LLC purchased a new stake in AngloGold Ashanti during the fourth quarter worth $29,000. Nomura Asset Management Co. Ltd. acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $32,000. Finally, SBI Securities Co. Ltd. acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $82,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.
AngloGold Ashanti Trading Down 0.5%
Shares of NYSE AU traded down $0.23 during midday trading on Friday, reaching $47.89. 6,126,153 shares of the stock were exchanged, compared to its average volume of 2,691,929. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $51.11. The stock has a 50 day moving average price of $43.83 and a 200-day moving average price of $34.57. The company has a market capitalization of $20.10 billion, a P/E ratio of 15.75 and a beta of 0.49. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. Equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is presently 16.45%.
Analyst Upgrades and Downgrades
AU has been the topic of several recent research reports. Roth Capital initiated coverage on shares of AngloGold Ashanti in a research report on Thursday, June 12th. They issued a "buy" rating and a $52.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Royal Bank Of Canada lifted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, HSBC reaffirmed a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.08.
View Our Latest Research Report 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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