Rhumbline Advisers Has $1.17 Million Position in AngloGold Ashanti PLC (NYSE:AU)

Rhumbline Advisers grew its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 194.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. bought a new position in AngloGold Ashanti during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AngloGold Ashanti by 210.6% in the fourth 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 in the last quarter. Hara Capital LLC bought a new stake in shares of AngloGold Ashanti in the fourth quarter valued at about $29,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth about $32,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of AngloGold Ashanti during the fourth quarter worth about $82,000. 36.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. HSBC restated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Roth Capital started coverage on shares of AngloGold Ashanti in a research report on Thursday, June 12th. They issued a "buy" rating and a $52.00 price objective on the stock. Scotiabank increased their target price on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

AngloGold Ashanti Trading Down 0.6%

Shares of AngloGold Ashanti stock opened at $48.05 on Friday. The stock has a market cap of $20.17 billion, a P/E ratio of 15.81 and a beta of 0.49. 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 PLC has a 12-month low of $22.45 and a 12-month high of $51.11. The business's 50 day moving average is $43.83 and its 200-day moving average is $34.57.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. Equities research analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio is presently 16.45%.

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.

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