Vanguard Group Inc. Buys 464,333 Shares of AngloGold Ashanti PLC $AU

Vanguard Group Inc. lifted its stake in shares of AngloGold Ashanti PLC (NYSE:AUFree Report) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,748,740 shares of the mining company’s stock after buying an additional 464,333 shares during the quarter. Vanguard Group Inc. owned about 0.05% of AngloGold Ashanti worth $1,589,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AU. HHM Wealth Advisors LLC bought a new stake in AngloGold Ashanti during the 3rd quarter valued at approximately $25,000. UMB Bank n.a. raised its position in shares of AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after acquiring an additional 276 shares in the last quarter. Optimum Investment Advisors purchased a new position in shares of AngloGold Ashanti in the 3rd quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after purchasing an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in shares of AngloGold Ashanti during the third quarter valued at approximately $53,000. 36.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AU. Citigroup increased their price objective on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Scotiabank increased their price target on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. lifted their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $100.00.

View Our Latest Stock Report on AU

AngloGold Ashanti Trading Up 6.3%

NYSE AU opened at $114.38 on Friday. AngloGold Ashanti PLC has a 12 month low of $28.44 and a 12 month high of $115.81. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $97.79 and its 200-day moving average price is $79.20. The stock has a market cap of $57.75 billion, a P/E ratio of 25.19 and a beta of 0.59.

AngloGold Ashanti (NYSE:AUGet Free Report) last posted its quarterly earnings results on Friday, February 20th. The mining company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.22). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.99 billion. As a group, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.173 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 annualized dividend and a yield of 0.6%. AngloGold Ashanti’s payout ratio is 80.18%.

Trending Headlines about AngloGold Ashanti

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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.

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

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