CIBC Asset Management Inc Has $5.96 Million Stock Holdings in AngloGold Ashanti PLC $AU

CIBC Asset Management Inc increased its position in AngloGold Ashanti PLC (NYSE:AU) by 14.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,878 shares of the mining company’s stock after purchasing an additional 8,628 shares during the quarter. CIBC Asset Management Inc’s holdings in AngloGold Ashanti were worth $5,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of AngloGold Ashanti by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 23,001,047 shares of the mining company’s stock valued at $1,979,174,000 after purchasing an additional 252,307 shares during the period. Van ECK Associates Corp raised its holdings in shares of AngloGold Ashanti by 10.0% in the 3rd quarter. Van ECK Associates Corp now owns 19,847,932 shares of the mining company’s stock valued at $1,395,905,000 after purchasing an additional 1,804,620 shares during the period. Ninety One SA Pty Ltd bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at about $1,380,472,000. State Street Corp raised its holdings in shares of AngloGold Ashanti by 14.9% in the 3rd quarter. State Street Corp now owns 5,705,516 shares of the mining company’s stock valued at $401,269,000 after purchasing an additional 738,343 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of AngloGold Ashanti by 5.9% in the 3rd quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock valued at $361,310,000 after purchasing an additional 284,017 shares during the period. 36.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AU shares. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and issued a $121.00 target price on shares of AngloGold Ashanti in a report on Monday, May 11th. Scotiabank dropped their target price on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $112.00.

AngloGold Ashanti Stock Down 8.9%

Shares of AU opened at $83.99 on Friday. AngloGold Ashanti PLC has a 52 week low of $43.44 and a 52 week high of $129.14. The firm has a market cap of $42.40 billion, a P/E ratio of 12.31 and a beta of 0.60. The firm’s 50-day simple moving average is $98.01 and its 200 day simple moving average is $97.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.20 and a current ratio of 2.71.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.26 billion. On average, analysts forecast that AngloGold Ashanti PLC will post 9.26 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 5.5%. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 68.04%.

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.