TD Waterhouse Canada Inc. Purchases 76,498 Shares of AngloGold Ashanti PLC $AU

TD Waterhouse Canada Inc. increased its position in AngloGold Ashanti PLC (NYSE:AU) by 7,649,800.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,499 shares of the mining company’s stock after purchasing an additional 76,498 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in AngloGold Ashanti were worth $4,930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AU. Amalgamated Bank purchased a new position in shares of AngloGold Ashanti in the 2nd quarter worth about $1,270,000. Franklin Resources Inc. increased its stake in AngloGold Ashanti by 14.2% during the 2nd quarter. Franklin Resources Inc. now owns 1,675,740 shares of the mining company’s stock valued at $76,376,000 after purchasing an additional 207,923 shares in the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in AngloGold Ashanti in the third quarter worth about $887,000. U S Global Investors Inc. lifted its stake in shares of AngloGold Ashanti by 8.3% in the second quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company’s stock worth $2,962,000 after buying an additional 5,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of AngloGold Ashanti by 7.7% during the third quarter. Commonwealth Equity Services LLC now owns 259,363 shares of the mining company’s stock valued at $18,241,000 after buying an additional 18,457 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Price Performance

NYSE AU opened at $92.77 on Friday. The company has a 50-day moving average price of $91.23 and a 200-day moving average price of $73.30. AngloGold Ashanti PLC has a 52 week low of $28.44 and a 52 week high of $115.81. 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 firm has a market capitalization of $38.94 billion, a P/E ratio of 20.43 and a beta of 0.58.

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

AngloGold Ashanti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio is 80.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AU. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Zacks Research raised AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Scotiabank upped their price target on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Finally, HSBC reissued a “reduce” rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.