Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys Shares of 25,367 AngloGold Ashanti PLC $AU

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in AngloGold Ashanti PLC (NYSE:AUFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,367 shares of the mining company’s stock, valued at approximately $1,784,000.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of AngloGold Ashanti in the 1st quarter valued at $321,000. Amalgamated Bank purchased a new position in AngloGold Ashanti in the second quarter valued at about $1,270,000. Strs Ohio purchased a new position in AngloGold Ashanti in the second quarter valued at about $23,668,000. Bank of New York Mellon Corp raised its holdings in AngloGold Ashanti by 93.8% in the second quarter. Bank of New York Mellon Corp now owns 1,305,611 shares of the mining company’s stock worth $59,497,000 after purchasing an additional 632,003 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of AngloGold Ashanti by 32.7% during the second quarter. Savant Capital LLC now owns 18,946 shares of the mining company’s stock valued at $863,000 after buying an additional 4,664 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and issued a $122.00 price objective on shares of AngloGold Ashanti in a research report on Friday. Citigroup upped their target price on AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research 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 research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Check Out Our Latest Stock Analysis on AU

More AngloGold Ashanti News

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AngloGold Ashanti Stock Performance

NYSE AU opened at $114.38 on Monday. The stock has a fifty day simple moving average of $97.79 and a 200-day simple moving average of $79.51. 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 stock has a market cap of $57.75 billion, a PE ratio of 22.04 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:AUGet Free Report) last released its earnings results on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, meeting the consensus estimate of $1.90. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.99 billion. AngloGold Ashanti had a return on equity of 29.70% and a net margin of 26.65%. Equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

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

AngloGold Ashanti 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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