TD Waterhouse Canada Inc. Buys 76,498 Shares of AngloGold Ashanti PLC $AU

TD Waterhouse Canada Inc. grew its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 7,649,800.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,499 shares of the mining company’s stock after buying an additional 76,498 shares during the period. TD Waterhouse Canada Inc.’s holdings in AngloGold Ashanti were worth $4,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in AngloGold Ashanti during the third quarter valued at approximately $25,000. Optimum Investment Advisors bought a new stake in shares of AngloGold Ashanti during the 3rd quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its position in shares of AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after purchasing an additional 238 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of AngloGold Ashanti by 330.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 964 shares of the mining company’s stock valued at $68,000 after buying an additional 740 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in AngloGold Ashanti in the 2nd quarter worth $69,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Down 13.3%

NYSE AU opened at $92.77 on Friday. The stock has a 50 day moving average price of $91.23 and a 200-day moving average price of $73.30. AngloGold Ashanti PLC has a one year low of $28.44 and a one year high of $115.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The company has a market capitalization of $38.94 billion, a P/E ratio of 20.43 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.02). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities 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. Investors of record on Friday, November 28th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.9%. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 80.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AU shares. Roth Mkm raised their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Scotiabank boosted their price target on AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

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.