111 Capital Invests $293,000 in AngloGold Ashanti PLC $AU

111 Capital purchased a new position in AngloGold Ashanti PLC (NYSE:AU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,431 shares of the mining company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in shares of AngloGold Ashanti in the 1st quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of AngloGold Ashanti in the 1st quarter worth $30,000. Financial Management Professionals Inc. purchased a new position in shares of AngloGold Ashanti in the 2nd quarter worth $30,000. SVB Wealth LLC purchased a new position in AngloGold Ashanti during the first quarter valued at $32,000. Finally, Farther Finance Advisors LLC lifted its position in AngloGold Ashanti by 579.2% during the second quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock valued at $76,000 after purchasing an additional 1,419 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AU shares. Scotiabank reiterated a “sector perform” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Zacks Research upgraded AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Roth Capital set a $76.00 target price on AngloGold Ashanti and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of AngloGold Ashanti in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.00.

AngloGold Ashanti Price Performance

NYSE:AU opened at $74.78 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $60.31 and its two-hundred day simple moving average is $49.41. The stock has a market cap of $31.39 billion, a PE ratio of 19.89 and a beta of 0.53. AngloGold Ashanti PLC has a 52 week low of $22.45 and a 52 week high of $75.96.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. As a group, analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.80 per share. The ex-dividend date was Friday, August 22nd. This represents a yield of 610.0%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.69. AngloGold Ashanti’s dividend payout ratio (DPR) is 85.11%.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.