U S Global Investors Inc. Has $2.96 Million Holdings in AngloGold Ashanti PLC $AU

U S Global Investors Inc. lifted its holdings in AngloGold Ashanti PLC (NYSE:AU) by 8.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,000 shares of the mining company’s stock after acquiring an additional 5,000 shares during the period. U S Global Investors Inc.’s holdings in AngloGold Ashanti were worth $2,962,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AU. Coronation Fund Managers Ltd. acquired a new position in shares of AngloGold Ashanti in the first quarter valued at about $63,186,000. Ruffer LLP acquired a new position in shares of AngloGold Ashanti in the second quarter valued at about $52,267,000. Nuveen LLC acquired a new position in shares of AngloGold Ashanti in the first quarter valued at about $37,451,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of AngloGold Ashanti by 788.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,365 shares of the mining company’s stock valued at $29,672,000 after acquiring an additional 709,416 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of AngloGold Ashanti by 3,127.0% in the first quarter. Wellington Management Group LLP now owns 561,331 shares of the mining company’s stock valued at $20,911,000 after acquiring an additional 543,936 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on AU shares. HSBC restated a “reduce” rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research note on Thursday. Scotiabank reaffirmed a “sector perform” rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research report on Monday, August 11th. Roth Capital set a $76.00 price objective on shares of AngloGold Ashanti and gave the stock a “buy” rating in a research report on Friday, October 3rd. Zacks Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AngloGold Ashanti in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus price target of $58.00.

AngloGold Ashanti Stock Down 0.5%

AU stock opened at $71.93 on Friday. The stock has a market capitalization of $30.19 billion, a P/E ratio of 19.13 and a beta of 0.53. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $77.80. The firm has a 50-day moving average price of $62.39 and a 200-day moving average price of $50.28.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. As a group, equities research analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.80 dividend. This represents a dividend yield of 610.0%. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Friday, August 22nd. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 85.11%.

About AngloGold Ashanti

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.