Concurrent Investment Advisors LLC Buys Shares of 19,289 AngloGold Ashanti PLC $AU

Concurrent Investment Advisors LLC bought a new stake in AngloGold Ashanti PLC (NYSE:AU) during the fourth quarter, HoldingsChannel.com reports. The firm bought 19,289 shares of the mining company’s stock, valued at approximately $1,645,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AU. HHM Wealth Advisors LLC bought a new position in AngloGold Ashanti in the third quarter valued at about $25,000. UMB Bank n.a. grew its position in AngloGold Ashanti by 129.0% in the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after acquiring an additional 276 shares during the last quarter. Optimum Investment Advisors bought a new position in AngloGold Ashanti in the third quarter valued at about $35,000. Ancora Advisors LLC bought a new position in AngloGold Ashanti in the third quarter valued at about $35,000. Finally, CIBC Private Wealth Group LLC grew its position in AngloGold Ashanti by 33.4% in the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock valued at $42,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $122.00 price target on shares of AngloGold Ashanti in a report on Friday, February 20th. Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Citigroup boosted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Scotiabank reduced their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.20.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $90.41 on Thursday. The stock has a market cap of $45.65 billion, a P/E ratio of 17.42 and a beta of 0.66. The company has a current ratio of 2.87, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $103.40 and its 200-day moving average is $92.91. AngloGold Ashanti PLC has a 1-year low of $38.61 and a 1-year high of $129.14.

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, hitting the consensus estimate of $1.90. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%.The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Equities research analysts anticipate that AngloGold Ashanti PLC will post 8.79 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.173 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.69 annualized dividend and a yield of 0.8%. AngloGold Ashanti’s dividend payout ratio is presently 133.33%.

AngloGold Ashanti 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.