Rhumbline Advisers increased its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 194.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,619 shares of the mining company's stock after buying an additional 20,874 shares during the quarter. Rhumbline Advisers' holdings in AngloGold Ashanti were worth $1,174,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in AU. Whittier Trust Co. purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares during the last quarter. Hara Capital LLC purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at approximately $82,000. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
Shares of NYSE:AU traded up $0.40 during trading on Monday, hitting $48.38. 2,391,652 shares of the company traded hands, compared to its average volume of 2,680,484. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 15.91 and a beta of 0.49. The business's fifty day moving average is $43.93 and its 200-day moving average is $34.85. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $51.11. The company has a quick ratio of 1.57, a current ratio of 2.34 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 (EPS) for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.84 billion. As a group, equities analysts predict 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. Stockholders of record on Monday, June 2nd were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's payout ratio is currently 16.45%.
Wall Street Analysts Forecast Growth
AU has been the subject of several recent analyst reports. Roth Capital initiated coverage on AngloGold Ashanti in a report on Thursday, June 12th. They issued a "buy" rating and a $52.00 price target for the company. HSBC reissued a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on 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 cut AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Scotiabank raised their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.
Check Out Our Latest Stock Report on AU
About AngloGold Ashanti
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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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