Euro Pacific Asset Management LLC raised its stake in shares of AngloGold Ashanti PLC (NYSE:AU – Free Report) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 285,337 shares of the mining company’s stock after buying an additional 12,051 shares during the quarter. AngloGold Ashanti comprises 1.8% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 16th biggest position. Euro Pacific Asset Management LLC’s holdings in AngloGold Ashanti were worth $26,807,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of AU. Bank of America Corp DE boosted its stake in AngloGold Ashanti by 93.6% during the 1st 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 last quarter. Handelsbanken Fonder AB increased its stake in AngloGold Ashanti by 26.7% in the second 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 in the last quarter. Wellington Management Group LLP raised its holdings in AngloGold Ashanti by 8.7% in the second quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company’s stock worth $156,214,000 after purchasing an additional 154,726 shares during the period. AXQ Capital LP boosted its position in shares of AngloGold Ashanti by 506.7% during the second quarter. AXQ Capital LP now owns 27,803 shares of the mining company’s stock worth $2,249,000 after purchasing an additional 23,220 shares in the last quarter. Finally, Carrhae Capital LLP boosted its position in shares of AngloGold Ashanti by 199.1% during the second quarter. Carrhae Capital LLP now owns 756,610 shares of the mining company’s stock worth $61,202,000 after purchasing an additional 503,644 shares in the last quarter. 36.09% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
AU has been the subject of several research analyst reports. BMO Capital Markets lowered shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a report on Thursday, September 10th. JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $134.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Zacks Research upgraded AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Scotiabank lowered their price target on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus price target of $122.83.
AngloGold Ashanti Stock Down 2.0%
AU traded down $1.88 during trading on Tuesday, hitting $91.56. The company had a trading volume of 2,641,938 shares, compared to its average volume of 2,882,444. The company has a market capitalization of $46.23 billion, a PE ratio of 12.27 and a beta of 0.73. AngloGold Ashanti PLC has a one year low of $62.55 and a one year high of $129.14. The firm’s 50-day moving average price is $101.85 and its 200 day moving average price is $94.75. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15.
AngloGold Ashanti (NYSE:AU – Get Free Report) last released its earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. As a group, equities analysts expect that AngloGold Ashanti PLC will post 8.16 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.72 per share. This is a decrease from AngloGold Ashanti’s previous quarterly dividend of $1.16. This represents a $2.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti’s payout ratio is currently 6.70%.
AngloGold Ashanti Profile
AngloGold Ashanti plc (NYSE: AU) is a global gold mining company engaged in the exploration, development, and production of gold. Its activities include operating mines, processing ore into doré and bullion, and developing mineral resources and reserves. The company also conducts exploration and evaluation activities in areas with potential for additional gold discoveries.
The company has mining operations and projects across several regions, including Africa, Australia, the Americas, and other international markets.
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