Eleva Capital SAS Purchases Shares of 32,386 AngloGold Ashanti PLC $AU

Eleva Capital SAS acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AUFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,386 shares of the mining company’s stock, valued at approximately $2,278,000. AngloGold Ashanti makes up about 0.6% of Eleva Capital SAS’s portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in AngloGold Ashanti during the third quarter worth approximately $25,000. UMB Bank n.a. raised its holdings in AngloGold Ashanti by 129.0% during the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after purchasing an additional 276 shares in the last quarter. Optimum Investment Advisors purchased a new stake in shares of AngloGold Ashanti during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

NYSE AU opened at $114.38 on Monday. The firm has a market cap of $57.75 billion, a P/E ratio of 22.04 and a beta of 0.59. AngloGold Ashanti PLC has a 52-week low of $28.44 and a 52-week high of $115.81. The business’s 50-day moving average price is $97.79 and its 200 day moving average price is $79.51. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21.

AngloGold Ashanti (NYSE:AUGet Free Report) last posted its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.90. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.99 billion. AngloGold Ashanti had a return on equity of 29.70% and a net margin of 26.65%. On average, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.173 dividend. This represents a $0.69 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 13th. AngloGold Ashanti’s payout ratio is currently 70.13%.

Key AngloGold Ashanti News

Here are the key news stories impacting AngloGold Ashanti this week:

Analysts Set New Price Targets

Several brokerages recently commented on AU. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Roth Mkm reaffirmed a “buy” rating and set a $122.00 price objective on shares of AngloGold Ashanti in a report on Friday. JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Finally, Citigroup lifted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Check Out Our Latest Research Report on AU

AngloGold Ashanti Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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