Mackenzie Financial Corp trimmed its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,226,060 shares of the mining company's stock after selling 372,643 shares during the quarter. Mackenzie Financial Corp owned approximately 0.53% of AngloGold Ashanti worth $55,941,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AU. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $596,000. Allianz Asset Management GmbH grew its holdings in shares of AngloGold Ashanti by 52.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,424,939 shares of the mining company's stock worth $26,632,000 after acquiring an additional 492,358 shares during the period. Oaktree Capital Management LP grew its holdings in shares of AngloGold Ashanti by 8.2% in the 4th quarter. Oaktree Capital Management LP now owns 5,874,951 shares of the mining company's stock worth $109,803,000 after acquiring an additional 446,132 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter worth approximately $2,002,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of AngloGold Ashanti by 5.6% in the 1st quarter. Russell Investments Group Ltd. now owns 3,396,216 shares of the mining company's stock worth $75,396,000 after acquiring an additional 181,081 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.
AngloGold Ashanti Stock Performance
Shares of AngloGold Ashanti stock traded down $1.47 during trading hours on Friday, reaching $27.67. 2,172,150 shares of the company's stock were exchanged, compared to its average volume of 1,936,261. AngloGold Ashanti plc has a 52-week low of $14.91 and a 52-week high of $32.57. The company has a fifty day moving average of $28.94 and a 200-day moving average of $25.78. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts expect that AngloGold Ashanti plc will post 2.58 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.22 per share. This represents a dividend yield of 0.7%. The ex-dividend date was Friday, August 30th. This is a positive change from AngloGold Ashanti's previous Semi-Annual dividend of $0.19.
Analyst Ratings Changes
A number of equities research analysts have commented on AU shares. BMO Capital Markets increased their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Scotiabank reiterated a "sector underperform" rating and set a $30.00 target price (up previously from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lowered their target price on AngloGold Ashanti from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.00.
Get Our Latest Analysis on AU
AngloGold Ashanti Profile
(
Free Report)
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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