Farther Finance Advisors LLC Acquires 1,419 Shares of AngloGold Ashanti PLC $AU

Farther Finance Advisors LLC increased its holdings in AngloGold Ashanti PLC (NYSE:AU) by 579.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,664 shares of the mining company’s stock after acquiring an additional 1,419 shares during the quarter. Farther Finance Advisors LLC’s holdings in AngloGold Ashanti were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AU. Wellington Management Group LLP bought a new position in shares of AngloGold Ashanti during the fourth quarter valued at approximately $392,000. GAMMA Investing LLC increased its position in AngloGold Ashanti by 3,533.0% during the 1st quarter. GAMMA Investing LLC now owns 92,206 shares of the mining company’s stock valued at $3,423,000 after buying an additional 89,668 shares in the last quarter. Rhumbline Advisers increased its position in AngloGold Ashanti by 194.3% during the 1st quarter. Rhumbline Advisers now owns 31,619 shares of the mining company’s stock valued at $1,174,000 after buying an additional 20,874 shares in the last quarter. Vanguard Capital Wealth Advisors bought a new stake in AngloGold Ashanti in the first quarter worth $221,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of AngloGold Ashanti by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 11,353 shares of the mining company’s stock worth $424,000 after acquiring an additional 235 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AU. Zacks Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of AngloGold Ashanti in a research note on Saturday, September 27th. Scotiabank reiterated a “sector perform” rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research note on Monday, August 11th. Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.00.

AngloGold Ashanti Stock Performance

Shares of AU opened at $73.32 on Friday. The firm has a market capitalization of $30.77 billion, a P/E ratio of 19.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $73.82. The business has a fifty day moving average of $59.80 and a 200 day moving average of $49.04.

AngloGold Ashanti (NYSE:AU) last posted its earnings results 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 firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. As a group, sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.69. This represents a dividend yield of 610.0%. AngloGold Ashanti’s payout ratio is 85.11%.

About AngloGold Ashanti

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.