AngloGold Ashanti plc (NYSE:AU) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of AngloGold Ashanti plc (NYSE:AU) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,491 shares of the mining company’s stock after selling 30,000 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of AngloGold Ashanti worth $6,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in AngloGold Ashanti by 17.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 573,380 shares of the mining company’s stock worth $14,409,000 after acquiring an additional 83,641 shares during the period. Blue Trust Inc. lifted its holdings in AngloGold Ashanti by 338.3% in the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after purchasing an additional 2,679 shares during the period. Cigna Investments Inc. New bought a new position in AngloGold Ashanti in the 2nd quarter valued at about $206,000. CWM LLC grew its position in AngloGold Ashanti by 26.1% in the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after buying an additional 493 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after buying an additional 433 shares during the period. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

NYSE AU opened at $29.67 on Friday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 9.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. The business’s fifty day moving average is $28.46 and its two-hundred day moving average is $24.55. AngloGold Ashanti plc has a 1 year low of $14.91 and a 1 year high of $32.57.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm earned $0.17 earnings per share. On average, research analysts forecast that AngloGold Ashanti plc will post 2.39 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. This represents a dividend yield of 0.7%. This is a boost from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Friday, August 30th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 13.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AU shares. StockNews.com upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 3rd. Scotiabank restated a “sector underperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. Finally, BMO Capital Markets raised their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, AngloGold Ashanti has an average rating of “Hold” and an average target price of $28.50.

About AngloGold Ashanti

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.