Citigroup Inc. raised its stake in AngloGold Ashanti Limited (NYSE:AU – Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 147,596 shares of the mining company’s stock after purchasing an additional 36,150 shares during the quarter. Citigroup Inc.’s holdings in AngloGold Ashanti were worth $3,570,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AU. Guggenheim Capital LLC raised its stake in shares of AngloGold Ashanti by 27.9% during the first quarter. Guggenheim Capital LLC now owns 259,053 shares of the mining company’s stock valued at $6,266,000 after acquiring an additional 56,554 shares during the last quarter. Grey Street Capital LLC purchased a new stake in AngloGold Ashanti in the 1st quarter worth approximately $1,372,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $226,000. LPL Financial LLC grew its position in shares of AngloGold Ashanti by 91.4% in the 1st quarter. LPL Financial LLC now owns 89,608 shares of the mining company’s stock worth $2,168,000 after buying an additional 42,787 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of AngloGold Ashanti by 654.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,727 shares of the mining company’s stock valued at $10,129,000 after buying an additional 363,257 shares during the period. Institutional investors own 22.36% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of AngloGold Ashanti in a report on Thursday, August 17th. They issued a “hold” rating on the stock.
AngloGold Ashanti Price Performance
AngloGold Ashanti stock opened at $17.01 on Monday. AngloGold Ashanti Limited has a fifty-two week low of $11.94 and a fifty-two week high of $30.26. The stock’s 50 day simple moving average is $19.76 and its two-hundred day simple moving average is $22.08. The company has a quick ratio of 1.24, a current ratio of 2.17 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU – Get Free Report) last released its quarterly earnings results on Friday, August 4th. The mining company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.38). The company had revenue of $1.16 billion during the quarter. As a group, equities analysts forecast that AngloGold Ashanti Limited will post 1.12 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 25th will be given a $0.029 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, August 24th.
AngloGold Ashanti Profile
AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia.
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