Fox Run Management L.L.C. Grows Holdings in AngloGold Ashanti PLC (NYSE:AU)

Fox Run Management L.L.C. grew its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 191.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 47,038 shares of the mining company's stock after acquiring an additional 30,902 shares during the period. Fox Run Management L.L.C.'s holdings in AngloGold Ashanti were worth $1,746,000 as of its most recent filing with the SEC.

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A number of other institutional investors and hedge funds have also made changes to their positions in AU. Wellington Management Group LLP acquired a new position in AngloGold Ashanti during the 4th quarter worth approximately $392,000. Vanguard Capital Wealth Advisors acquired a new position in shares of AngloGold Ashanti in the 1st quarter valued at $221,000. Cerity Partners LLC acquired a new stake in AngloGold Ashanti during the 1st quarter worth $312,000. Geode Capital Management LLC boosted its stake in AngloGold Ashanti by 59.2% during the 4th quarter. Geode Capital Management LLC now owns 520,772 shares of the mining company's stock worth $12,019,000 after purchasing an additional 193,664 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in AngloGold Ashanti during the 1st quarter worth $238,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $55.89 on Thursday. The firm's 50-day moving average is $49.10 and its two-hundred day moving average is $41.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $59.19. The stock has a market capitalization of $23.46 billion, a P/E ratio of 14.86 and a beta of 0.46.

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AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a return on equity of 24.25% and a net margin of 23.60%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. Equities analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.80 dividend. The ex-dividend date is Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a yield of 610.0%. AngloGold Ashanti's payout ratio is 13.30%.

Wall Street Analysts Forecast Growth

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A number of equities analysts have commented on AU shares. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. HSBC reiterated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Scotiabank reiterated a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a report on Monday. Wall Street Zen downgraded shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.60.

View Our Latest Stock Analysis on AU

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.

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