AngloGold Ashanti PLC (NYSE:AU) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,000 shares of the mining company’s stock after acquiring an additional 51,000 shares during the quarter. AngloGold Ashanti makes up 1.4% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Hussman Strategic Advisors Inc.’s holdings in AngloGold Ashanti were worth $5,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in AngloGold Ashanti by 47.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company’s stock valued at $8,808,000 after acquiring an additional 122,507 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $262,000. Raymond James Financial Inc. acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $406,000. EverSource Wealth Advisors LLC grew its holdings in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock worth $27,000 after acquiring an additional 796 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $346,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock traded up $1.02 during mid-day trading on Friday, hitting $48.07. The company’s stock had a trading volume of 407,547 shares, compared to its average volume of 2,882,007. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $20.18 billion, a P/E ratio of 15.84 and a beta of 0.48. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $51.11. The stock’s fifty day moving average price is $45.60 and its two-hundred day moving average price is $37.63.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Research analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.125 dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti’s payout ratio is presently 16.45%.

Analyst Upgrades and Downgrades

AU has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank Of Canada increased their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Scotiabank increased their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the company a “sector perform” rating in a report on Monday, May 12th. Roth Capital increased their target price on AngloGold Ashanti from $52.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered AngloGold Ashanti from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.08.

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.