Caprock Group LLC Buys New Shares in AngloGold Ashanti PLC $AU

Caprock Group LLC purchased a new position in AngloGold Ashanti PLC (NYSE:AU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,012 shares of the mining company’s stock, valued at approximately $3,728,000.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of AngloGold Ashanti during the 1st quarter valued at approximately $321,000. Vanguard Personalized Indexing Management LLC lifted its holdings in AngloGold Ashanti by 12.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,166 shares of the mining company’s stock valued at $1,830,000 after purchasing an additional 4,545 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of AngloGold Ashanti by 7.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 527,391 shares of the mining company’s stock worth $24,033,000 after purchasing an additional 37,400 shares during the period. Yousif Capital Management LLC increased its stake in shares of AngloGold Ashanti by 102.6% in the second quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company’s stock worth $597,000 after purchasing an additional 6,636 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of AngloGold Ashanti by 53.0% in the second quarter. Ritholtz Wealth Management now owns 9,793 shares of the mining company’s stock worth $446,000 after purchasing an additional 3,393 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $112.22 on Thursday. The company has a market cap of $47.10 billion, a price-to-earnings ratio of 24.72 and a beta of 0.59. AngloGold Ashanti PLC has a 1 year low of $28.44 and a 1 year high of $115.81. The stock’s 50 day simple moving average is $94.08 and its two-hundred day simple moving average is $76.49. 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 (NYSE:AU) last posted its earnings results on Wednesday, November 12th. The mining company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AU shares. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Scotiabank boosted their price objective on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Citigroup upped their price objective on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.00.

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.