Mackenzie Financial Corp Has $79.18 Million Position in AngloGold Ashanti PLC $AU

Mackenzie Financial Corp cut its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,737,629 shares of the mining company’s stock after selling 16,780 shares during the period. Mackenzie Financial Corp’s holdings in AngloGold Ashanti were worth $79,184,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in AngloGold Ashanti during the 2nd quarter worth approximately $30,000. SVB Wealth LLC acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of AngloGold Ashanti by 30.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in AngloGold Ashanti during the second quarter worth $69,000. Finally, Farther Finance Advisors LLC boosted its holdings in AngloGold Ashanti by 579.2% during the second quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock worth $76,000 after purchasing an additional 1,419 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AU shares. Roth Capital set a $76.00 price target on shares of AngloGold Ashanti and gave the stock a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings raised AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup assumed coverage on AngloGold Ashanti in a research report on Monday, October 27th. They set a “buy” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti has an average rating of “Moderate Buy” and a consensus price target of $69.50.

AngloGold Ashanti Trading Down 4.0%

Shares of NYSE:AU opened at $85.33 on Friday. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $89.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a market capitalization of $35.82 billion, a P/E ratio of 22.69 and a beta of 0.48. The company has a 50-day simple moving average of $73.77 and a 200 day simple moving average of $59.00.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Tuesday, November 11th. 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 return on equity of 22.54% and a net margin of 23.60%.The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.53 billion. Sell-side analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $3.64 annualized dividend and a dividend yield of 4.3%. AngloGold Ashanti’s dividend payout ratio is presently 80.18%.

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.