AngloGold Ashanti PLC $AU Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. grew its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 52.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,287 shares of the mining company’s stock after purchasing an additional 13,793 shares during the period. Osaic Holdings Inc.’s holdings in AngloGold Ashanti were worth $1,836,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AU. Amalgamated Bank acquired a new position in shares of AngloGold Ashanti during the second quarter valued at $1,270,000. Franklin Resources Inc. increased its holdings in shares of AngloGold Ashanti by 14.2% in the 2nd quarter. Franklin Resources Inc. now owns 1,675,740 shares of the mining company’s stock worth $76,376,000 after acquiring an additional 207,923 shares during the period. U S Global Investors Inc. lifted its position in AngloGold Ashanti by 8.3% in the 2nd quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company’s stock valued at $2,962,000 after purchasing an additional 5,000 shares during the last quarter. Acadian Asset Management LLC acquired a new position in AngloGold Ashanti during the 1st quarter valued at about $5,538,000. Finally, Yousif Capital Management LLC boosted its stake in AngloGold Ashanti by 102.6% during the 2nd quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company’s stock valued at $597,000 after purchasing an additional 6,636 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. HSBC reissued a “reduce” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a report on Thursday, October 9th. Roth Capital lifted their target price on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

AngloGold Ashanti Stock Performance

AU opened at $84.76 on Tuesday. The business has a 50 day moving average price of $79.16 and a two-hundred day moving average price of $65.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 18.67 and a beta of 0.58. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $91.65.

AngloGold Ashanti (NYSE:AU) last issued its quarterly 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). The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. Research analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.91 dividend. The ex-dividend date was Friday, November 28th. This represents a $3.64 annualized dividend and a yield of 4.3%. AngloGold Ashanti’s payout ratio is 80.18%.

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.