Titan Investment Solutions Ltd Makes New Investment in AngloGold Ashanti PLC $AU

Titan Investment Solutions Ltd bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,555 shares of the mining company’s stock, valued at approximately $1,668,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in AngloGold Ashanti during the fourth quarter worth $31,000. Ancora Advisors LLC bought a new stake in AngloGold Ashanti during the third quarter worth $35,000. Global Retirement Partners LLC lifted its stake in AngloGold Ashanti by 454.1% during the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in AngloGold Ashanti by 33.4% during the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after purchasing an additional 150 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, March 20th. Roth Mkm reiterated a “buy” rating and set a $121.00 price target on shares of AngloGold Ashanti in a report on Monday, May 11th. Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup upped their price target on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.00.

AngloGold Ashanti Stock Up 3.7%

Shares of NYSE:AU opened at $86.26 on Friday. The company has a fifty day moving average of $97.02 and a 200-day moving average of $97.19. The company has a market capitalization of $43.55 billion, a PE ratio of 12.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. AngloGold Ashanti PLC has a 52-week low of $43.44 and a 52-week high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, equities analysts predict that AngloGold Ashanti PLC will post 9.26 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.16 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a yield of 5.4%. 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.