MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $24.58 Million Holdings in AngloGold Ashanti PLC $AU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in AngloGold Ashanti PLC by 7.9%, owning a total of 662,163 shares valued at approximately $24.58 million after purchasing 48,274 shares in the 1st quarter.
• AngloGold Ashanti disclosed a new semi-annual dividend of $0.80, raising it from the previous $0.69, resulting in a significant dividend yield of 610.0%.
• Several analysts have mixed ratings on AngloGold Ashanti, with a consensus rating of "Hold" and an average price target of $49.60, despite some firms issuing "buy" ratings.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 662,163 shares of the mining company's stock after buying an additional 48,274 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.16% of AngloGold Ashanti worth $24,579,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Coronation Fund Managers Ltd. acquired a new stake in shares of AngloGold Ashanti during the 1st quarter valued at $63,186,000. Voloridge Investment Management LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter valued at $24,741,000. Nuveen LLC acquired a new position in shares of AngloGold Ashanti in the 1st quarter valued at $37,451,000. Man Group plc increased its stake in AngloGold Ashanti by 117.0% in the 4th quarter. Man Group plc now owns 1,549,978 shares of the mining company's stock worth $35,773,000 after purchasing an additional 835,547 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in AngloGold Ashanti by 58.7% during the 4th quarter. Deutsche Bank AG now owns 2,046,670 shares of the mining company's stock worth $47,237,000 after buying an additional 756,801 shares during the period. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Stock Up 0.8%

Shares of NYSE:AU traded up $0.55 during trading on Friday, reaching $66.10. 1,492,806 shares of the company traded hands, compared to its average volume of 3,136,514. The firm has a fifty day simple moving average of $53.37 and a 200 day simple moving average of $44.86. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $66.45. The firm has a market cap of $27.74 billion, a P/E ratio of 17.58 and a beta of 0.54.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 22.54% and a net margin of 23.60%. Analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.80 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. The ex-dividend date was Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is currently 85.11%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. 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. Finally, Zacks Research lowered AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $49.60.

About AngloGold Ashanti

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.