Euro Pacific Asset Management LLC Has $26.89 Million Position in AngloGold Ashanti PLC $AU

Euro Pacific Asset Management LLC raised its stake in AngloGold Ashanti PLC (NYSE:AU) by 121.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,740 shares of the mining company’s stock after buying an additional 149,855 shares during the period. AngloGold Ashanti comprises about 2.6% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 14th biggest position. Euro Pacific Asset Management LLC’s holdings in AngloGold Ashanti were worth $26,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ninety One SA Pty Ltd bought a new position in shares of AngloGold Ashanti during the fourth quarter worth about $1,380,472,000. Arrowstreet Capital Limited Partnership boosted its holdings in AngloGold Ashanti by 406.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,288,253 shares of the mining company’s stock valued at $539,119,000 after acquiring an additional 5,047,686 shares during the last quarter. Norges Bank acquired a new stake in AngloGold Ashanti during the 4th quarter valued at approximately $426,477,000. State Street Corp increased its position in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after purchasing an additional 4,577,807 shares during the period. Finally, AQR Capital Management LLC increased its position in AngloGold Ashanti by 5,109.9% during the 4th quarter. AQR Capital Management LLC now owns 2,082,326 shares of the mining company’s stock valued at $179,286,000 after purchasing an additional 2,042,357 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 0.5%

NYSE AU opened at $76.75 on Friday. The stock has a market capitalization of $38.75 billion, a P/E ratio of 11.25 and a beta of 0.65. The business has a 50 day simple moving average of $87.82 and a 200 day simple moving average of $96.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. AngloGold Ashanti PLC has a one year low of $45.36 and a one year high of $129.14.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. Research analysts expect that AngloGold Ashanti PLC will post 8.91 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $1.16 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a yield of 6.0%. AngloGold Ashanti’s dividend payout ratio is 68.04%.

Analyst Upgrades and Downgrades

AU has been the topic of a number of recent analyst reports. Freedom Capital upgraded shares of AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Roth Capital decreased their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Citigroup lowered their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research lowered shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Scotiabank dropped their target price on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.