Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,143 shares of the mining company's stock after buying an additional 11,514 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of AngloGold Ashanti worth $9,063,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new position in AngloGold Ashanti in the fourth quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at about $30,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of AngloGold Ashanti in the 4th quarter valued at about $32,000. IFP Advisors Inc boosted its position in shares of AngloGold Ashanti by 769.5% in the 1st quarter. IFP Advisors Inc now owns 2,939 shares of the mining company's stock valued at $109,000 after purchasing an additional 2,601 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in AngloGold Ashanti during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 36.09% of the company's stock.
AngloGold Ashanti Stock Performance
AU traded up $2.54 during trading on Friday, hitting $48.79. The stock had a trading volume of 4,254,255 shares, compared to its average volume of 3,166,250. The firm has a market capitalization of $20.48 billion, a P/E ratio of 16.05 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $51.93. The company's 50-day moving average price is $47.12 and its 200 day moving average price is $39.36.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. On average, equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced 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. This represents a dividend yield of 114.0%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's dividend payout ratio is 16.45%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on AU shares. Royal Bank Of Canada boosted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Wall Street Zen downgraded shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday. Finally, 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 research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.08.
Check Out Our Latest Stock Report on AngloGold Ashanti
About AngloGold Ashanti
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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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