AngloGold Ashanti PLC $AU Shares Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers raised its stake in AngloGold Ashanti PLC by 194.3%, owning 31,619 shares valued at $1.17 million after buying 20,874 additional shares in Q1.
• AngloGold Ashanti recently announced a $0.80 semi-annual dividend, reflecting a yield of 610.0% and an increase from the previous dividend of $0.69.
• AngloGold Ashanti's latest earnings report showed $1.25 earnings per share, missing estimates by $0.06, while revenue of $2.45 billion exceeded expectations.

Rhumbline Advisers raised its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 194.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,619 shares of the mining company's stock after acquiring an additional 20,874 shares during the quarter. Rhumbline Advisers' holdings in AngloGold Ashanti were worth $1,174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC acquired a new position in AngloGold Ashanti in the first quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $30,000. SVB Wealth LLC bought a new position in AngloGold Ashanti in the 1st quarter worth approximately $32,000. Hara Capital LLC bought a new stake in shares of AngloGold Ashanti during the fourth quarter valued at about $29,000. Finally, Atlas Capital Advisors Inc. acquired a new position in AngloGold Ashanti during the 1st quarter valued at about $77,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AU has been the subject of a number of analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research note on Monday, August 11th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research cut shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Finally, Roth Capital reiterated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $49.60.

AngloGold Ashanti Stock Down 0.2%

AU stock traded down $0.14 during trading on Tuesday, hitting $69.24. 818,821 shares of the stock traded hands, compared to its average volume of 3,141,646. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 18.42 and a beta of 0.53. The firm's 50 day moving average is $56.13 and its two-hundred day moving average is $46.83. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22.

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 analysts' consensus estimates of $1.31 by ($0.06). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. On average, sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.80 per share. This represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is 85.11%.

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.