Scientech Research LLC bought a new stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,553 shares of the mining company's stock, valued at approximately $949,000.
Several other large investors have also recently made changes to their positions in AU. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti during the 4th quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at $30,000. SVB Wealth LLC purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at $32,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of AngloGold Ashanti during the 1st quarter worth $77,000. 36.09% of the stock is owned by hedge funds and other institutional investors.
AngloGold Ashanti Price Performance
NYSE:AU traded up $0.75 during mid-day trading on Friday, reaching $66.30. The stock had a trading volume of 2,507,074 shares, compared to its average volume of 3,013,587. The firm has a 50 day moving average price of $53.77 and a two-hundred day moving average price of $45.21. The stock has a market capitalization of $27.83 billion, a P/E ratio of 17.63 and a beta of 0.54. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $66.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. As a group, analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.80 dividend. This represents a yield of 610.0%. The ex-dividend date was Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio is presently 85.11%.
Analyst Ratings Changes
AU has been the subject of several research reports. Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Scotiabank reiterated a "sector perform" rating and set a $55.00 price target on shares of AngloGold Ashanti in a research note on Monday, August 11th. Zacks Research downgraded AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $49.60.
Read Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Company Profile
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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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