Wellington Management Group LLP raised its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,930,737 shares of the mining company's stock after acquiring an additional 154,726 shares during the quarter. Wellington Management Group LLP owned approximately 0.38% of AngloGold Ashanti worth $156,214,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of AngloGold Ashanti by 93.6% in the first quarter. Bank of America Corp DE now owns 800,951 shares of the mining company's stock worth $77,981,000 after acquiring an additional 387,196 shares during the period. Handelsbanken Fonder AB increased its position in AngloGold Ashanti by 26.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 202,909 shares of the mining company's stock valued at $16,413,000 after purchasing an additional 42,714 shares during the period. Euro Pacific Asset Management LLC lifted its position in shares of AngloGold Ashanti by 121.9% in the 1st quarter. Euro Pacific Asset Management LLC now owns 272,740 shares of the mining company's stock worth $26,889,000 after purchasing an additional 149,855 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of AngloGold Ashanti in the 1st quarter worth approximately $2,434,000. Finally, Extract Advisors LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $1,460,000. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Stock Down 0.8%
Shares of NYSE:AU opened at $112.29 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. AngloGold Ashanti PLC has a 52-week low of $55.08 and a 52-week high of $129.14. The business's 50 day simple moving average is $89.93 and its two-hundred day simple moving average is $96.22. The firm has a market cap of $56.69 billion, a P/E ratio of 15.05 and a beta of 0.66.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing analysts' consensus estimates of $2.03 by ($0.05). AngloGold Ashanti had a return on equity of 39.54% and a net margin of 32.19%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.20 billion. As a group, research analysts forecast that AngloGold Ashanti PLC will post 8.14 EPS for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, August 21st. This represents a $2.88 annualized dividend and a yield of 2.6%. AngloGold Ashanti's dividend payout ratio is presently 6.70%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Zacks Research lowered AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 15th. Roth Capital reduced their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $155.00 to $134.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.50.
Get Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Company Profile
(
Free Report)
AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.
The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.
Further Reading
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