AngloGold Ashanti PLC $AU Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 7.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 527,391 shares of the mining company’s stock after purchasing an additional 37,400 shares during the period. Allspring Global Investments Holdings LLC’s holdings in AngloGold Ashanti were worth $24,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of AngloGold Ashanti during the second quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of AngloGold Ashanti during the first quarter worth about $30,000. SVB Wealth LLC acquired a new stake in shares of AngloGold Ashanti during the first quarter worth about $32,000. Farther Finance Advisors LLC increased its position in AngloGold Ashanti by 579.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock valued at $76,000 after acquiring an additional 1,419 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in AngloGold Ashanti in the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AU shares. Zacks Research upgraded AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Scotiabank reaffirmed a “sector perform” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a report on Monday, August 11th. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Roth Capital set a $76.00 price objective on AngloGold Ashanti and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.00.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $78.52 on Friday. The business’s 50 day simple moving average is $63.90 and its 200-day simple moving average is $51.36. The firm has a market capitalization of $32.96 billion, a price-to-earnings ratio of 20.88 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $79.94.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations 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 analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.80 per share. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Friday, August 22nd. This represents a dividend yield of 610.0%. AngloGold Ashanti’s dividend payout ratio is presently 85.11%.

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.