AngloGold Ashanti PLC $AU Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its holdings in AngloGold Ashanti PLC (NYSE:AU) by 27.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,135 shares of the mining company’s stock after purchasing an additional 5,189 shares during the period. Savant Capital LLC’s holdings in AngloGold Ashanti were worth $1,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in shares of AngloGold Ashanti by 129.0% in the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after buying an additional 276 shares during the last quarter. Optimum Investment Advisors acquired a new stake in AngloGold Ashanti in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its stake in AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after acquiring an additional 238 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in AngloGold Ashanti by 330.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 964 shares of the mining company’s stock worth $68,000 after acquiring an additional 740 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

AU has been the topic of a number of recent analyst reports. Scotiabank upped their target price on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Roth Mkm increased their target price on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Citigroup boosted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

AngloGold Ashanti Trading Up 5.3%

NYSE:AU opened at $103.85 on Monday. The firm has a market capitalization of $43.59 billion, a P/E ratio of 22.87 and a beta of 0.59. The business has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $75.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. AngloGold Ashanti PLC has a 12-month low of $28.44 and a 12-month high of $115.81.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. Equities research analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s payout ratio is presently 80.18%.

About AngloGold Ashanti

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.