43,867 Shares in AngloGold Ashanti PLC $AU Bought by Waverly Advisors LLC

Waverly Advisors LLC bought a new stake in AngloGold Ashanti PLC (NYSE:AU) in the first quarter, HoldingsChannel reports. The fund bought 43,867 shares of the mining company’s stock, valued at approximately $4,271,000.

Several other large investors also recently modified their holdings of the business. Ninety One SA Pty Ltd bought a new position in shares of AngloGold Ashanti during the 4th quarter valued at about $1,380,472,000. Arrowstreet Capital Limited Partnership increased its stake in AngloGold Ashanti by 406.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,288,253 shares of the mining company’s stock worth $539,119,000 after purchasing an additional 5,047,686 shares in the last quarter. Norges Bank acquired a new stake in AngloGold Ashanti during the 4th quarter worth approximately $426,477,000. State Street Corp raised its holdings in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock worth $226,354,000 after buying an additional 4,577,807 shares during the period. Finally, AQR Capital Management LLC lifted its stake in AngloGold Ashanti by 5,109.9% in the fourth quarter. AQR Capital Management LLC now owns 2,082,326 shares of the mining company’s stock valued at $179,286,000 after buying an additional 2,042,357 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Freedom Capital upgraded shares of AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Citigroup cut their price objective on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Roth Capital cut their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

AngloGold Ashanti Stock Down 2.0%

Shares of AngloGold Ashanti stock opened at $78.90 on Wednesday. The business’s 50 day simple moving average is $85.03 and its 200 day simple moving average is $96.44. AngloGold Ashanti PLC has a 52-week low of $45.36 and a 52-week high of $129.14. The firm has a market cap of $39.84 billion, a PE ratio of 11.57 and a beta of 0.65. 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 (NYSE:AU) last released its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.26 billion. On average, analysts predict that AngloGold Ashanti PLC will post 8.23 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is 68.04%.

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.