Wedmont Private Capital raised its stake in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 82.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,213 shares of the mining company’s stock after purchasing an additional 8,656 shares during the quarter. Wedmont Private Capital’s holdings in AngloGold Ashanti were worth $1,577,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new position in shares of AngloGold Ashanti in the first quarter worth $26,000. Zions Bancorporation National Association UT purchased a new stake in AngloGold Ashanti during the 4th quarter valued at $31,000. Ancora Advisors LLC bought a new stake in AngloGold Ashanti in the 2nd quarter worth $30,000. Garton & Associates Financial Advisors LLC bought a new stake in AngloGold Ashanti in the 4th quarter worth $34,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of AngloGold Ashanti in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on AU shares. Royal Bank Of Canada lowered their price objective on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Freedom Capital upgraded AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings downgraded AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Roth Capital lowered their price target on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. dropped their price objective on AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.50.
AngloGold Ashanti Trading Down 0.1%
NYSE:AU opened at $108.95 on Tuesday. The company has a 50-day moving average price of $92.76 and a 200-day moving average price of $96.24. The stock has a market cap of $55.01 billion, a price-to-earnings ratio of 14.60 and a beta of 0.74. The company has a current ratio of 2.71, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. AngloGold Ashanti PLC has a 12 month low of $58.83 and a 12 month high of $129.14.
AngloGold Ashanti (NYSE:AU – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Equities analysts predict that AngloGold Ashanti PLC will post 8.14 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a dividend of $0.72 per share. The ex-dividend date was Friday, August 21st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.6%. AngloGold Ashanti’s dividend payout ratio is 6.70%.
About AngloGold Ashanti
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.
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