Capital World Investors Acquires 1,641,545 Shares of AngloGold Ashanti PLC $AU

Capital World Investors increased its holdings in AngloGold Ashanti PLC (NYSE:AU) by 64.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,186,463 shares of the mining company’s stock after buying an additional 1,641,545 shares during the quarter. Capital World Investors’ holdings in AngloGold Ashanti were worth $357,022,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Havemeyer Place LP bought a new position in shares of AngloGold Ashanti in the 4th quarter worth about $450,000. WINTON GROUP Ltd bought a new stake in AngloGold Ashanti during the 4th quarter valued at about $452,000. Parallel Advisors LLC increased its stake in AngloGold Ashanti by 3.6% during the 4th quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock valued at $237,000 after purchasing an additional 96 shares in the last quarter. State of Wyoming increased its stake in AngloGold Ashanti by 152.4% during the 4th quarter. State of Wyoming now owns 8,990 shares of the mining company’s stock valued at $767,000 after purchasing an additional 5,428 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in AngloGold Ashanti by 5.1% during the 4th quarter. Cibc World Market Inc. now owns 19,156 shares of the mining company’s stock valued at $1,634,000 after purchasing an additional 922 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Stock Up 0.4%

NYSE:AU opened at $84.45 on Tuesday. The firm has a 50-day simple moving average of $97.99 and a two-hundred day simple moving average of $97.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. The firm has a market cap of $42.64 billion, a P/E ratio of 12.38 and a beta of 0.60. AngloGold Ashanti PLC has a fifty-two week low of $43.44 and a fifty-two week high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Analysts predict that AngloGold Ashanti PLC will post 9.26 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders 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 dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is 68.04%.

Analysts Set New Price Targets

AU has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and set a $121.00 price objective on shares of AngloGold Ashanti in a research note on Monday, May 11th. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Scotiabank reduced their price objective on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, March 20th. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research lowered shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Hold” and an average target price of $112.00.

AngloGold Ashanti Company Profile

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.