Cetera Investment Advisers Invests $1.16 Million in AngloGold Ashanti PLC (NYSE:AU)

Cetera Investment Advisers purchased a new position in AngloGold Ashanti PLC (NYSE:AU) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,314 shares of the mining company’s stock, valued at approximately $1,162,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti in the fourth quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in AngloGold Ashanti in the first quarter worth approximately $30,000. IFP Advisors Inc grew its stake in AngloGold Ashanti by 769.5% in the first quarter. IFP Advisors Inc now owns 2,939 shares of the mining company’s stock worth $109,000 after purchasing an additional 2,601 shares in the last quarter. Optiver Holding B.V. bought a new position in AngloGold Ashanti in the fourth quarter worth approximately $115,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AngloGold Ashanti in the fourth quarter worth approximately $120,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Down 1.1%

Shares of NYSE AU opened at $56.81 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $23.84 billion, a PE ratio of 15.11 and a beta of 0.46. The stock’s fifty day simple moving average is $48.69 and its two-hundred day simple moving average is $40.90. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $59.19.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. AngloGold Ashanti had a return on equity of 24.25% and a net margin of 23.60%. As a group, analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.80 dividend. This represents a dividend yield of 610.0%. The ex-dividend date of this dividend is Friday, August 22nd. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.69. AngloGold Ashanti’s payout ratio is 13.30%.

Wall Street Analysts Forecast Growth

AU has been the topic of several research analyst reports. HSBC reissued a “reduce” rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Roth Capital reissued a “buy” rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Scotiabank reissued a “sector perform” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.60.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.