U S Global Investors Inc. increased its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 53.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the mining company's stock after purchasing an additional 35,000 shares during the quarter. U S Global Investors Inc.'s holdings in AngloGold Ashanti were worth $2,663,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Chesapeake Capital Corp IL boosted its position in shares of AngloGold Ashanti by 3.1% during the 2nd quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company's stock valued at $354,000 after acquiring an additional 429 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of AngloGold Ashanti by 17.3% in the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company's stock worth $74,000 after buying an additional 433 shares during the last quarter. CWM LLC increased its holdings in shares of AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock valued at $60,000 after purchasing an additional 493 shares during the last quarter. Sei Investments Co. raised its stake in AngloGold Ashanti by 1.0% in the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company's stock valued at $1,630,000 after buying an additional 656 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of AngloGold Ashanti by 5.9% during the 2nd quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company's stock worth $309,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Trading Up 2.5 %
Shares of AU stock traded up $0.78 during trading hours on Tuesday, hitting $31.45. 2,319,484 shares of the company were exchanged, compared to its average volume of 1,991,643. AngloGold Ashanti plc has a fifty-two week low of $15.60 and a fifty-two week high of $32.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. The company has a 50 day simple moving average of $28.76 and a two-hundred day simple moving average of $26.45.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The company 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 firm posted $0.17 earnings per share. On average, research analysts forecast that AngloGold Ashanti plc will post 2.5 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given 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 boost from AngloGold Ashanti's previous Semi-Annual dividend of $0.19.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Scotiabank reiterated a "sector underperform" rating and issued a $30.00 price objective (up from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, August 8th. BMO Capital Markets raised their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Finally, Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $33.67.
Read 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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