Coronation Fund Managers Ltd. Has $50.72 Million Position in AngloGold Ashanti plc (NYSE:AU)

Coronation Fund Managers Ltd. lowered its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,018,282 shares of the mining company's stock after selling 183,269 shares during the quarter. AngloGold Ashanti comprises 2.2% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 10th biggest holding. Coronation Fund Managers Ltd. owned 0.48% of AngloGold Ashanti worth $50,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning lifted its stake in shares of AngloGold Ashanti by 18.2% in the 2nd quarter. Creative Planning now owns 17,961 shares of the mining company's stock valued at $451,000 after purchasing an additional 2,768 shares during the last quarter. Squarepoint Ops LLC bought a new stake in AngloGold Ashanti during the 2nd quarter valued at $520,000. Frank Rimerman Advisors LLC bought a new stake in AngloGold Ashanti during the 2nd quarter valued at $2,002,000. Oaktree Fund Advisors LLC raised its position in AngloGold Ashanti by 10.5% during the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company's stock valued at $17,179,000 after purchasing an additional 64,993 shares in the last quarter. Finally, Sei Investments Co. raised its position in AngloGold Ashanti by 1.0% during the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company's stock valued at $1,630,000 after purchasing an additional 656 shares in the last quarter. Institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Stock Down 0.8 %

NYSE AU traded down $0.22 during trading hours on Wednesday, hitting $26.95. The company had a trading volume of 1,746,052 shares, compared to its average volume of 1,946,571. AngloGold Ashanti plc has a fifty-two week low of $14.91 and a fifty-two week high of $32.57. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 8.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19. The firm's 50 day moving average is $28.89 and its 200 day moving average is $25.89.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.17 EPS. Sell-side analysts anticipate that AngloGold Ashanti plc will post 2.58 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 0.7%. This is an increase from AngloGold Ashanti's previous Semi-Annual dividend of $0.19. AngloGold Ashanti's dividend payout ratio (DPR) is currently 13.75%.

Analyst Ratings Changes

Several research analysts recently weighed in on AU shares. Scotiabank restated a "sector underperform" rating and set a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a research note on Monday, August 19th. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on AngloGold Ashanti from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets increased their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $32.00.

AngloGold Ashanti Company Profile

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.