AngloGold Ashanti PLC $AU Shares Bought by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its holdings in AngloGold Ashanti PLC (NYSE:AU) by 103.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 78,521 shares of the mining company’s stock after buying an additional 39,832 shares during the quarter. Engineers Gate Manager LP’s holdings in AngloGold Ashanti were worth $6,352,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ascentis Independent Advisors bought a new stake in shares of AngloGold Ashanti during the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $31,000. Ancora Advisors LLC bought a new stake in shares of AngloGold Ashanti in the 2nd quarter worth approximately $30,000. Garton & Associates Financial Advisors LLC acquired a new position in AngloGold Ashanti during the 4th quarter valued at approximately $34,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in AngloGold Ashanti during the 4th quarter valued at approximately $36,000. 36.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Zacks Research downgraded shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Weiss Ratings lowered shares of AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. BMO Capital Markets cut shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price objective on the stock. in a report on Thursday. Finally, Roth Capital cut their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and an average target price of $111.14.

AngloGold Ashanti Stock Up 0.6%

Shares of AngloGold Ashanti stock opened at $104.51 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07. AngloGold Ashanti PLC has a 1-year low of $62.55 and a 1-year high of $129.14. The business’s fifty day moving average price is $94.65 and its two-hundred day moving average price is $96.22. The company has a market capitalization of $52.76 billion, a P/E ratio of 14.01 and a beta of 0.74.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.05). The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%. As a group, research analysts forecast that AngloGold Ashanti PLC will post 8.14 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, August 21st. AngloGold Ashanti’s dividend payout ratio is currently 6.70%.

AngloGold Ashanti Profile

AngloGold Ashanti plc is a global gold mining company that explores for, develops, and operates gold mines. Its primary product is gold, with silver and other minerals produced as byproducts at some operations. The company also manages mineral exploration, mine development, processing, and related reclamation activities.

AngloGold Ashanti operates across several regions, including Africa, Australia, and the Americas. Its portfolio has included mines and projects in Ghana, Guinea, Tanzania, Australia, Brazil, and Argentina, supported by exploration programs in other prospective mining jurisdictions.