Oakmont Investment Advisors Inc. Takes Position in AngloGold Ashanti PLC $AU

Oakmont Investment Advisors Inc. bought a new stake in AngloGold Ashanti PLC (NYSE:AU) in the 2nd quarter, Holdings Channel.com reports. The firm bought 14,500 shares of the mining company’s stock, valued at approximately $1,173,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in AngloGold Ashanti in the first quarter valued at approximately $26,000. Ancora Advisors LLC acquired a new position in shares of AngloGold Ashanti during the 2nd quarter worth approximately $30,000. Zions Bancorporation National Association UT acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC bought a new stake in AngloGold Ashanti in the 4th quarter valued at $34,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in AngloGold Ashanti in the 4th quarter valued at $36,000. Institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of research analyst reports. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Royal Bank Of Canada cut their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Scotiabank lowered their price target on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, AngloGold Ashanti currently has an average rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Stock Performance

AU opened at $108.95 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.11. The business has a fifty day simple moving average of $92.21 and a 200 day simple moving average of $96.31. AngloGold Ashanti PLC has a 1 year low of $58.83 and a 1 year high of $129.14. The company has a market capitalization of $55.01 billion, a PE ratio of 14.60 and a beta of 0.74.

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

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a $0.72 dividend. The ex-dividend date was Friday, August 21st. This represents a $2.88 annualized dividend and a yield of 2.6%. AngloGold Ashanti’s payout ratio is 6.70%.

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.