Citigroup Inc. Increases Stock Holdings in AngloGold Ashanti PLC $AU

Citigroup Inc. raised its position in shares of AngloGold Ashanti PLC (NYSE:AUFree Report) by 376.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,475,297 shares of the mining company’s stock after purchasing an additional 1,165,954 shares during the quarter. Citigroup Inc. owned 0.35% of AngloGold Ashanti worth $103,758,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. HHM Wealth Advisors LLC purchased a new position in AngloGold Ashanti during the third quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after buying an additional 276 shares in the last quarter. Optimum Investment Advisors bought a new stake in AngloGold Ashanti during the third quarter valued at about $35,000. Smartleaf Asset Management LLC purchased a new position in shares of AngloGold Ashanti in the third quarter valued at about $53,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of AngloGold Ashanti by 330.4% in the third 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 during the period. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti News Summary

Here are the key news stories impacting AngloGold Ashanti this week:

AngloGold Ashanti Stock Up 6.3%

NYSE AU opened at $114.38 on Monday. AngloGold Ashanti PLC has a 52 week low of $28.44 and a 52 week high of $115.81. The firm has a market capitalization of $57.75 billion, a price-to-earnings ratio of 22.04 and a beta of 0.59. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $97.79 and a two-hundred day moving average of $79.51.

AngloGold Ashanti (NYSE:AUGet Free Report) last released its earnings results on Friday, February 20th. The mining company reported $1.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.90. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.99 billion. AngloGold Ashanti had a net margin of 26.65% and a return on equity of 29.70%. On average, analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.173 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.6%. AngloGold Ashanti’s dividend payout ratio is currently 70.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AU. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Citigroup increased their price objective on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.00.

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AngloGold Ashanti Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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