AngloGold Ashanti PLC $AU Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 17.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 107,548 shares of the mining company’s stock after purchasing an additional 15,755 shares during the quarter. Gamco Investors INC. ET AL’s holdings in AngloGold Ashanti were worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of AngloGold Ashanti by 4.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock worth $248,000 after purchasing an additional 161 shares in the last quarter. CoreCap Advisors LLC grew its position in AngloGold Ashanti by 27.3% during the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock valued at $71,000 after purchasing an additional 216 shares in the last quarter. Farther Finance Advisors LLC grew its position in AngloGold Ashanti by 13.8% during the third quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after purchasing an additional 229 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after buying an additional 238 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in AngloGold Ashanti by 27.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,257 shares of the mining company’s stock valued at $88,000 after buying an additional 269 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

AU stock opened at $106.58 on Monday. The firm has a 50 day moving average of $104.19 and a two-hundred day moving average of $84.02. AngloGold Ashanti PLC has a 12 month low of $30.19 and a 12 month high of $129.14. The company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 20.54 and a beta of 0.55. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.90. AngloGold Ashanti had a net margin of 26.65% and a return on equity of 29.70%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.99 billion. As a group, equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.173 per share. This represents a $0.69 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, March 13th. AngloGold Ashanti’s dividend payout ratio is 133.33%.

Analyst Ratings Changes

AU has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $122.00 target price on shares of AngloGold Ashanti in a research note on Friday, February 20th. Citigroup increased their price objective on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Scotiabank reissued an “outperform” rating on shares of AngloGold Ashanti in a research report on Wednesday, February 25th. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Five equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.50.

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.