SEB Asset Management AB Takes $26.19 Million Position in AngloGold Ashanti PLC $AU

SEB Asset Management AB acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AUFree Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 272,743 shares of the mining company’s stock, valued at approximately $26,190,000.

Several other large investors have also made changes to their positions in the company. Ascentis Independent Advisors purchased a new stake in AngloGold Ashanti during the first quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth about $34,000. Mcguire Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 4th quarter worth approximately $36,000. Finally, Global Retirement Partners LLC increased its position in AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AU has been the topic of a number of recent research reports. Zacks Research cut shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada reduced their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Citigroup lowered their price target on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Scotiabank cut their price objective on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Finally, Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.50.

Get Our Latest Report on AU

AngloGold Ashanti Price Performance

Shares of AU stock opened at $76.75 on Monday. The firm has a fifty day simple moving average of $87.82 and a 200-day simple moving average of $96.90. The company has a market capitalization of $38.75 billion, a PE ratio of 11.25 and a beta of 0.65. AngloGold Ashanti PLC has a twelve month low of $45.36 and a twelve month high of $129.14. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti (NYSE:AUGet Free Report) last released its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. Equities research analysts anticipate that AngloGold Ashanti PLC will post 8.79 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a dividend yield of 6.0%. AngloGold Ashanti’s dividend payout ratio is presently 68.04%.

About AngloGold Ashanti

(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.

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

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