Dimensional Fund Advisors LP recently announced the acquisition of new stake in AngloGold Ashanti Limited (NYSE:AU). The institutional investor has increased its shareholding in the Basic Materials company by 14.79% to 4.52 million shares with purchase of 0.58 million shares. This fresh investment now brings its stake to 1.08% valued currently at $59.0 million. In addition, BlackRock Advisors raised its holdings by 45395.0 to 3.32 million shares. And Mackenzie Financial Corp. has lifted its position by 6.25% or 0.15 million shares – to 2.62 million shares.
With over 4.67 million AngloGold Ashanti Limited (AU) shares trading Tuesday and a closing price of $18.11 on the day, the dollar volume was approximately $84.62 million. The shares have shown a positive half year performance of 0.72% and its price on 11/22/22 gained nearly 5.60%. Currently, there are 419.99M common shares owned by the public and among those 412.58M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for AU have a consensus price objective of $18.36. The analysts have set the share’s price value over the next 12 months at a high of $23.00 and a low of $12.22. The average price target is 2.42% above its recent price level and a downside to the estimated low will see the stock lose -48.2% over that period. But an upside of 21.26% will see the stock hit the forecast high price target while median target price for the stock is $18.88.
The top 3 mutual fund holders in AngloGold Ashanti Limited are VanEck Gold Miners ETF, T Rowe Price Mid Cap Value Fund, and iShares V Plc – Gold Producers UC. VanEck Gold Miners ETF owns 22.59 million shares of the company’s stock, all valued at over $294.79 million. The company sold 22088.0 shares recently to bring their total holdings to about 5.40% of the shares outstanding. T Rowe Price Mid Cap Value Fund sold -0.63 million shares to see its total holdings shrink to 6.15 million shares valued at over $80.31 million and representing 1.47% of the shares outstanding. iShares V Plc – Gold Producers UC bought 2375.0 shares to bring its total holdings to over 3.23 million shares at a value of $42.14 million. iShares V Plc – Gold Producers UC now owns shares totaling to 0.77% of the shares outstanding.
Shares of AngloGold Ashanti Limited (NYSE: AU) opened at $17.56, up $0.41 from a prior closing price of $17.15. However, the script later moved the day high at 18.15, up 5.60%. The company’s stock has a 5-day price change of 2.03% and 17.60% over the past three months. AU shares are trading -13.68% year to date (YTD), with the 12-month market performance down to -12.26% lower. It has a 12-month low price of $11.94 and touched a high of $26.96 over the same period. AU has an average intraday trading volume of 3.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.45%, 27.74%, and 3.73% respectively.
Institutional ownership of AngloGold Ashanti Limited (NYSE: AU) shares accounts for 27.20% of the company’s 419.99M shares outstanding. Mutual fund holders own 17.47%, while other institutional holders and individual stakeholders account for 8.96% and — respectively.
It has a market capitalization of $7.69B and a beta (3y monthly) value of 0.59. The stock’s trailing 12-month PE ratio is 13.65, while the earnings-per-share (ttm) stands at $1.33. The company has a PEG of 3.15 and a Quick Ratio of 2.10 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.16% over the week and 3.44% over the month.
Analysts forecast that AngloGold Ashanti Limited (AU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $1.29 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -34.30%, and -11.00% over the next financial year. EPS should shrink at an annualized rate of 4.33% over the next five years, compared to 57.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate AngloGold Ashanti Limited (AU) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 5 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
JP Morgan coverage for the AngloGold Ashanti Limited (AU) stock in a research note released on March 07, 2022 offered a Overweight rating with a price target of $24.20. RBC Capital Mkts on their part issued Sector Perform rating on February 22, 2021.