Victory Capital Management Inc. grew its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 2,280.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,560 shares of the mining company's stock after purchasing an additional 259,192 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of AngloGold Ashanti worth $10,043,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in AngloGold Ashanti in the fourth quarter worth $406,000. Sei Investments Co. bought a new stake in AngloGold Ashanti in the fourth quarter worth $1,750,000. Fox Run Management L.L.C. bought a new stake in AngloGold Ashanti in the fourth quarter worth $372,000. Vanguard Group Inc. lifted its stake in AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after purchasing an additional 3,882,283 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in AngloGold Ashanti by 164.0% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 195,813 shares of the mining company's stock worth $4,519,000 after purchasing an additional 121,629 shares during the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.
AngloGold Ashanti Price Performance
AU traded down $0.30 during trading on Friday, hitting $50.22. 2,945,843 shares of the company traded hands, compared to its average volume of 4,094,670. The company has a market cap of $21.08 billion, a PE ratio of 16.52 and a beta of 0.48. The stock's 50-day simple moving average is $46.50 and its two-hundred day simple moving average is $38.55. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $51.93. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. As a group, sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.125 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's payout ratio is currently 16.45%.
Analyst Ratings Changes
Several brokerages have recently commented on AU. JPMorgan Chase & Co. upped their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Roth Capital upped their price objective on shares of AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada upped their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. HSBC reaffirmed a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Finally, Scotiabank increased their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat, AngloGold Ashanti has a consensus rating of "Moderate Buy" and an average price target of $45.08.
Check Out Our Latest Stock Report on AngloGold Ashanti
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.
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