U S Global Investors Inc. lifted its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the mining company's stock after purchasing an additional 5,000 shares during the quarter. U S Global Investors Inc.'s holdings in AngloGold Ashanti were worth $2,962,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AU. Coronation Fund Managers Ltd. bought a new stake in shares of AngloGold Ashanti in the first quarter worth $63,186,000. Ruffer LLP bought a new stake in shares of AngloGold Ashanti in the second quarter worth $52,267,000. Nuveen LLC bought a new stake in shares of AngloGold Ashanti in the first quarter worth $37,451,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in AngloGold Ashanti by 788.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,365 shares of the mining company's stock worth $29,672,000 after buying an additional 709,416 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in AngloGold Ashanti by 3,127.0% during the first quarter. Wellington Management Group LLP now owns 561,331 shares of the mining company's stock worth $20,911,000 after buying an additional 543,936 shares during the last quarter. Institutional investors own 36.09% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on AU shares. Scotiabank restated a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a report on Monday, August 11th. Weiss Ratings restated a "hold (c+)" rating on shares of AngloGold Ashanti in a report on Wednesday. Zacks Research upgraded shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AngloGold Ashanti currently has an average rating of "Hold" and a consensus price target of $58.00.
Check Out Our Latest Report on AU
AngloGold Ashanti Price Performance
NYSE:AU opened at $71.93 on Friday. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $77.80. The company has a market cap of $30.19 billion, a P/E ratio of 19.13 and a beta of 0.53. The firm's fifty day moving average price is $62.39 and its two-hundred day moving average price is $50.28. 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 released its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. Equities analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.80 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a dividend yield of 610.0%. The ex-dividend date was Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is presently 85.11%.
AngloGold Ashanti 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.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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