Neo Ivy Capital Management Invests $389,000 in AngloGold Ashanti PLC $AU

Neo Ivy Capital Management bought a new position in AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,526 shares of the mining company’s stock, valued at approximately $389,000.

A number of other institutional investors have also recently modified their holdings of AU. HHM Wealth Advisors LLC purchased a new stake in AngloGold Ashanti during the third quarter worth about $25,000. UMB Bank n.a. raised its position in shares of AngloGold Ashanti by 129.0% during the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after purchasing an additional 276 shares during the last quarter. Optimum Investment Advisors acquired a new position in shares of AngloGold Ashanti during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its stake in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after buying an additional 238 shares in the last quarter. Finally, Smartleaf Asset Management LLC purchased a new stake in AngloGold Ashanti in the 3rd quarter valued at approximately $53,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Down 1.2%

Shares of NYSE:AU opened at $106.58 on Monday. The company’s fifty day moving average is $104.19 and its two-hundred day moving average is $84.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. AngloGold Ashanti PLC has a 1-year low of $30.19 and a 1-year high of $129.14. The stock has a market capitalization of $53.81 billion, a price-to-earnings ratio of 20.54 and a beta of 0.55.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.90. AngloGold Ashanti had a net margin of 26.65% and a return on equity of 29.70%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.99 billion. Equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.173 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 annualized dividend and a dividend yield of 0.6%. AngloGold Ashanti’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AU shares. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Citigroup boosted their target price on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. increased their price target on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Scotiabank reissued an “outperform” rating on shares of AngloGold Ashanti in a research report on Wednesday, February 25th. Finally, Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AngloGold Ashanti has a consensus rating of “Moderate Buy” and an average price target of $100.50.

AngloGold Ashanti Company Profile

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.