Nuveen LLC Makes New $37.45 Million Investment in AngloGold Ashanti PLC $AU

Key Points

• Nuveen LLC has made a significant investment in AngloGold Ashanti PLC, acquiring approximately 1,002,881 shares valued at around $37.45 million during the first quarter.
• AngloGold Ashanti is increasing its semi-annual dividend from $0.69 to $0.80, representing a yield of 610.0% and a payout ratio of 13.30%.
• Despite reporting a quarterly earnings per share (EPS) of $1.25, AngloGold Ashanti missed analysts' consensus estimates of $1.31, although its revenue of $2.45 billion exceeded expectations.

Nuveen LLC bought a new position in shares of 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 and Exchange Commission. The institutional investor bought 1,002,881 shares of the mining company's stock, valued at approximately $37,451,000. Nuveen LLC owned approximately 0.24% of AngloGold Ashanti as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new stake in AngloGold Ashanti during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in AngloGold Ashanti during the 1st quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in AngloGold Ashanti during the 1st quarter worth approximately $30,000. Atlas Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 1st quarter worth approximately $77,000. Finally, IFP Advisors Inc increased its position in AngloGold Ashanti by 769.5% during the 1st quarter. IFP Advisors Inc now owns 2,939 shares of the mining company's stock worth $109,000 after purchasing an additional 2,601 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Stock Down 2.9%

Shares of AngloGold Ashanti stock traded down $1.5730 on Tuesday, hitting $52.1270. 2,206,741 shares of the company's stock traded hands, compared to its average volume of 3,123,763. The stock has a market cap of $21.88 billion, a P/E ratio of 13.86 and a beta of 0.46. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $49.57 and its 200 day moving average is $41.82. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $59.19.

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). AngloGold Ashanti had a return on equity of 24.25% 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. Equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business 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 $0.80 dividend. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. The ex-dividend date of this dividend is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is 13.30%.

Analyst Ratings Changes

AU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased 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. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Finally, Scotiabank restated a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.60.

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.