U S Global Investors Inc. Acquires 98,864 Shares of AngloGold Ashanti PLC $AU

by · The Cerbat Gem

U S Global Investors Inc. boosted its holdings in shares of AngloGold Ashanti PLC (NYSE:AU – Free Report) by 152.1% in the third quarter, HoldingsChannel reports. The fund owned 163,864 shares of the mining company’s stock after acquiring an additional 98,864 shares during the period. AngloGold Ashanti accounts for 1.3% of U S Global Investors Inc.’s portfolio, making the stock its 22nd biggest holding. U S Global Investors Inc.’s holdings in AngloGold Ashanti were worth $11,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp lifted its holdings in shares of AngloGold Ashanti by 1,175.7% during the second quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after purchasing an additional 4,577,807 shares during the last quarter. Acadian Asset Management LLC increased its position in AngloGold Ashanti by 1,767.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,788,123 shares of the mining company’s stock valued at $127,027,000 after buying an additional 2,638,823 shares in the last quarter. Geode Capital Management LLC increased its position in AngloGold Ashanti by 274.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,137,721 shares of the mining company’s stock valued at $142,986,000 after buying an additional 2,300,204 shares in the last quarter. Norges Bank purchased a new position in AngloGold Ashanti during the second quarter valued at $74,039,000. Finally, Vanguard Group Inc. boosted its holdings in AngloGold Ashanti by 6.1% in the second quarter. Vanguard Group Inc. now owns 22,284,407 shares of the mining company’s stock worth $1,017,746,000 after acquiring an additional 1,281,958 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $85.47 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $80.60 and a 200-day moving average price of $66.04. AngloGold Ashanti PLC has a 52 week low of $23.52 and a 52 week high of $91.65. The firm has a market capitalization of $35.88 billion, a PE ratio of 18.83 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is 80.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AU shares. Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Scotiabank increased their price objective on shares of AngloGold Ashanti from $90.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Wednesday, November 12th. Citigroup lifted their target price on shares of AngloGold Ashanti from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Roth Capital increased their price target on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Read Our Latest Analysis on AU

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.

Recommended Stories

Want to see what other hedge funds are holding AU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AngloGold Ashanti PLC (NYSE:AU – Free Report).