O Shaughnessy Asset Management LLC Has $11.49 Million Stock Holdings in AngloGold Ashanti PLC $AU

O Shaughnessy Asset Management LLC lifted its stake in AngloGold Ashanti PLC (NYSE:AUFree Report) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,676 shares of the mining company’s stock after acquiring an additional 28,955 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in AngloGold Ashanti were worth $11,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of AngloGold Ashanti by 454.1% in the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after acquiring an additional 386 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of AngloGold Ashanti in the third quarter worth $35,000. CIBC Private Wealth Group LLC increased its stake in shares of AngloGold Ashanti by 33.4% in the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after acquiring an additional 150 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of AngloGold Ashanti in the fourth quarter worth $56,000. Finally, Smartleaf Asset Management LLC acquired a new position in shares of AngloGold Ashanti in the third quarter worth $53,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Down 7.1%

AngloGold Ashanti stock opened at $78.44 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. The company has a market capitalization of $39.61 billion, a price-to-earnings ratio of 11.50 and a beta of 0.60. AngloGold Ashanti PLC has a one year low of $43.44 and a one year high of $129.14. The company’s fifty day moving average price is $97.65 and its two-hundred day moving average price is $97.24.

AngloGold Ashanti (NYSE:AUGet Free Report) last posted its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, analysts forecast that AngloGold Ashanti PLC will post 9.26 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 5.9%. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is currently 68.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Roth Mkm reissued a “buy” rating and set a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday, May 11th. Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Scotiabank lowered their target price on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AngloGold Ashanti has an average rating of “Hold” and an average price target of $114.00.

Check Out Our Latest Stock Analysis 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.

See Also

Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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