Oxbow Advisors LLC Purchases 9,502 Shares of AngloGold Ashanti PLC (NYSE:AU)

Oxbow Advisors LLC boosted its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 71.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,737 shares of the mining company's stock after acquiring an additional 9,502 shares during the quarter. Oxbow Advisors LLC's holdings in AngloGold Ashanti were worth $844,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP purchased a new position in shares of AngloGold Ashanti in the fourth quarter valued at $392,000. Vanguard Capital Wealth Advisors purchased a new stake in AngloGold Ashanti during the 1st quarter worth about $221,000. Raymond James Financial Inc. purchased a new stake in AngloGold Ashanti in the 4th quarter valued at about $406,000. Charles Schwab Investment Management Inc. grew its holdings in AngloGold Ashanti by 47.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company's stock valued at $8,808,000 after buying an additional 122,507 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of AngloGold Ashanti by 59.2% in the 4th quarter. Geode Capital Management LLC now owns 520,772 shares of the mining company's stock valued at $12,019,000 after purchasing an additional 193,664 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AU. Royal Bank Of Canada boosted their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. HSBC restated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Roth Capital upped their price target on AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Wall Street Zen lowered AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, Scotiabank upped their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.08.

AngloGold Ashanti Trading Down 0.7%

Shares of AngloGold Ashanti stock traded down $0.33 during trading on Wednesday, reaching $47.13. 2,307,468 shares of the company were exchanged, compared to its average volume of 2,890,411. The business has a 50-day moving average price of $45.42 and a 200-day moving average price of $37.39. 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 has a market capitalization of $19.78 billion, a price-to-earnings ratio of 15.50 and a beta of 0.48. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $51.11.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. Sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business 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. This represents a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's dividend payout ratio is currently 16.45%.

AngloGold Ashanti Company 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.