UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $72.88 Million Position in AngloGold Ashanti PLC $AU

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in AngloGold Ashanti PLC (NYSE:AU) by 25.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,963,318 shares of the mining company’s stock after buying an additional 398,684 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.47% of AngloGold Ashanti worth $72,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AU. Hara Capital LLC acquired a new position in shares of AngloGold Ashanti in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of AngloGold Ashanti in the first quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of AngloGold Ashanti in the first quarter valued at approximately $30,000. SVB Wealth LLC acquired a new position in shares of AngloGold Ashanti in the first quarter valued at approximately $32,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of AngloGold Ashanti in the first quarter valued at approximately $77,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 1.1%

AU stock opened at $66.30 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a market capitalization of $27.83 billion, a price-to-earnings ratio of 17.63 and a beta of 0.54. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $66.45. The stock has a fifty day moving average of $53.77 and a 200-day moving average of $45.21.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share 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 the consensus estimate 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 research analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

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

Wall Street Analyst Weigh In

AU has been the topic of several analyst reports. Zacks Research cut AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Scotiabank reiterated a “sector perform” rating and issued a $55.00 target price on shares of AngloGold Ashanti in a report on Monday, August 11th. Roth Capital reiterated a “buy” rating on shares of AngloGold Ashanti in a report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.60.

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.