Baader Bank Aktiengesellschaft Takes Position in AngloGold Ashanti PLC $AU

Baader Bank Aktiengesellschaft bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the mining company’s stock, valued at approximately $703,000.

Other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in AngloGold Ashanti in the third quarter valued at about $25,000. UMB Bank n.a. increased its holdings in AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after purchasing an additional 276 shares during the last quarter. Optimum Investment Advisors purchased a new stake in AngloGold Ashanti in the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its stake in AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in shares of AngloGold Ashanti during the third quarter worth $53,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 3.3%

Shares of NYSE:AU opened at $112.22 on Thursday. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $94.08 and a 200-day simple moving average of $76.49. The company has a market capitalization of $47.10 billion, a PE ratio of 24.72 and a beta of 0.59. AngloGold Ashanti PLC has a twelve month low of $28.44 and a twelve month high of $115.81.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share 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 analysts’ expectations of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. On average, equities analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.