Allspring Global Investments Holdings LLC Buys 35,468 Shares of AngloGold Ashanti PLC $AU

Allspring Global Investments Holdings LLC boosted its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654,258 shares of the mining company’s stock after purchasing an additional 35,468 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.13% of AngloGold Ashanti worth $67,729,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AU. Parallel Advisors LLC increased its holdings in shares of AngloGold Ashanti by 3.6% during the 4th quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock worth $237,000 after purchasing an additional 96 shares during the period. PDS Planning Inc raised its holdings in AngloGold Ashanti by 3.0% in the 4th quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after acquiring an additional 124 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of AngloGold Ashanti by 4.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock worth $305,000 after acquiring an additional 142 shares during the period. California State Teachers Retirement System lifted its position in shares of AngloGold Ashanti by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock worth $2,245,000 after acquiring an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of AngloGold Ashanti by 33.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after purchasing an additional 150 shares in the last quarter. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Up 0.5%

Shares of NYSE AU opened at $76.75 on Friday. The firm has a market capitalization of $38.75 billion, a PE ratio of 11.25 and a beta of 0.65. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. AngloGold Ashanti PLC has a 1 year low of $45.36 and a 1 year high of $129.14. The firm’s 50-day moving average is $87.82 and its 200-day moving average is $96.81.

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

AngloGold Ashanti Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AU. Citigroup lowered their price target on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday. Roth Capital reduced their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Zacks Research cut shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus 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.