AngloGold Ashanti PLC $AU Stock Holdings Increased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 13.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,467 shares of the mining company’s stock after purchasing an additional 13,814 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in AngloGold Ashanti were worth $10,942,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CenterBook Partners LP raised its stake in AngloGold Ashanti by 71.5% in the 3rd quarter. CenterBook Partners LP now owns 18,229 shares of the mining company’s stock valued at $1,713,000 after acquiring an additional 7,600 shares during the period. Asset One Wealth Management LLC grew its position in AngloGold Ashanti by 18.5% in the third quarter. Asset One Wealth Management LLC now owns 11,964 shares of the mining company’s stock worth $1,124,000 after buying an additional 1,869 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in AngloGold Ashanti by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 30,425 shares of the mining company’s stock valued at $2,858,000 after purchasing an additional 588 shares during the period. Covestor Ltd grew its stake in AngloGold Ashanti by 39.9% during the third quarter. Covestor Ltd now owns 2,359 shares of the mining company’s stock worth $222,000 after buying an additional 673 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of AngloGold Ashanti during the 3rd quarter worth $108,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti News Roundup

Here are the key news stories impacting AngloGold Ashanti this week:

• Positive Sentiment: AngloGold plans to invest about $900 million in mine expansions to increase production by 2030. The spending targets existing operations and offers a potential longer-term production-growth catalyst. Article: AngloGold plans $900 million mine expansion amid stronger profit
• Positive Sentiment: Third-quarter profit rose 18%, and coverage of the earnings call highlighted strong free cash flow, providing some support despite weaker production. Article: AngloGold Profit Up 18% as Gold Output Slips
• Negative Sentiment: Quarterly results fell short of expectations: EPS was $1.54 versus the $1.76 consensus, while revenue of $2.62 billion was below the $2.89 billion forecast. Gold output also slipped, tempering the profit growth.
• Negative Sentiment: The company declared a quarterly dividend of $0.125 per share, an 82.6% reduction from the prior $0.72 payment. The lower payout may weigh on income-focused investors.

AngloGold Ashanti Price Performance

Shares of AU opened at $92.96 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. AngloGold Ashanti PLC has a fifty-two week low of $67.82 and a fifty-two week high of $129.14. The firm’s 50 day moving average price is $95.71 and its 200 day moving average price is $96.52. The company has a market cap of $46.94 billion, a P/E ratio of 10.65 and a beta of 0.72.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.22). AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.89 billion. On average, research analysts forecast that AngloGold Ashanti PLC will post 8.06 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be given a dividend of $0.1250 per share. This is a decrease from AngloGold Ashanti’s previous quarterly dividend of $0.72. This represents a $0.50 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 27th. AngloGold Ashanti’s payout ratio is currently 6.70%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. RBC Dominion Securities set a $110.00 price objective on shares of AngloGold Ashanti and gave the company an “outperform” rating in a report on Thursday, October 22nd. Citigroup decreased their price objective on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. TD Cowen assumed coverage on shares of AngloGold Ashanti in a research note on Monday. They set a “buy” rating and a $123.00 price target on the stock. Scotiabank decreased their price target on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Finally, BMO Capital Markets downgraded shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a report on Thursday, September 10th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $118.35.

AngloGold Ashanti Profile

AngloGold Ashanti is a global gold mining company that explores for, develops and operates gold mines. Gold is its primary product, and the company also produces silver and other by-products at some operations.

The company’s operations and projects span Africa, Australia and the Americas. Its portfolio includes mines and development projects in countries such as Ghana, Tanzania, Guinea, Australia, Brazil and Argentina.

AngloGold Ashanti was formed in 1998 through the consolidation of gold mining interests held by Anglo American in South Africa.