AngloGold Ashanti PLC (NYSE:AU – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 3,853,330 shares, a drop of 37.3% from the August 31st total of 6,149,659 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 2,240,804 shares, the short-interest ratio is presently 1.7 days.
Hedge Funds Weigh In On AngloGold Ashanti
Hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP lifted its stake in AngloGold Ashanti by 103.0% in the second quarter. Engineers Gate Manager LP now owns 78,521 shares of the mining company’s stock worth $6,352,000 after purchasing an additional 39,832 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of AngloGold Ashanti during the 2nd quarter worth approximately $187,000. RFG Advisory LLC grew its position in AngloGold Ashanti by 4.2% in the 2nd quarter. RFG Advisory LLC now owns 13,360 shares of the mining company’s stock valued at $1,081,000 after acquiring an additional 543 shares during the last quarter. NewEdge Advisors LLC increased its stake in AngloGold Ashanti by 27.9% in the second quarter. NewEdge Advisors LLC now owns 11,504 shares of the mining company’s stock worth $931,000 after purchasing an additional 2,507 shares during the period. Finally, Carrhae Capital LLP lifted its position in shares of AngloGold Ashanti by 199.1% during the second quarter. Carrhae Capital LLP now owns 756,610 shares of the mining company’s stock worth $61,202,000 after purchasing an additional 503,644 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
AU has been the topic of a number of research analyst reports. Freedom Capital upgraded AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Citigroup cut their price target on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Weiss Ratings raised AngloGold Ashanti from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Royal Bank Of Canada increased their target price on AngloGold Ashanti from $111.00 to $119.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Finally, Zacks Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.
AngloGold Ashanti Trading Down 0.0%
NYSE AU traded down $0.03 during trading hours on Thursday, hitting $93.92. 200,668 shares of the company were exchanged, compared to its average volume of 2,915,129. AngloGold Ashanti has a 52 week low of $62.55 and a 52 week high of $129.14. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $99.70 and a 200 day moving average price of $94.56. The stock has a market cap of $47.42 billion, a PE ratio of 12.58 and a beta of 0.74.
AngloGold Ashanti (NYSE:AU – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.05). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. Analysts forecast that AngloGold Ashanti will post 8.16 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a $0.72 dividend. This is a decrease from AngloGold Ashanti’s previous quarterly dividend of $1.16. This represents a $2.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti’s payout ratio is currently 6.70%.
AngloGold Ashanti Company Profile
AngloGold Ashanti plc (NYSE: AU) is a global gold mining company engaged in the exploration, development, and production of gold. Its activities include operating mines, processing ore into doré and bullion, and developing mineral resources and reserves. The company also conducts exploration and evaluation activities in areas with potential for additional gold discoveries.
The company has mining operations and projects across several regions, including Africa, Australia, the Americas, and other international markets.
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