Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases New Stake in AngloGold Ashanti PLC $AU

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in AngloGold Ashanti PLC (NYSE:AUFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,367 shares of the mining company’s stock, valued at approximately $1,784,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in AngloGold Ashanti by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 22,748,740 shares of the mining company’s stock valued at $1,589,484,000 after purchasing an additional 464,333 shares in the last quarter. State Street Corp lifted its stake in shares of AngloGold Ashanti by 1,175.7% in the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after purchasing an additional 4,577,807 shares in the last quarter. Legal & General Group Plc increased its position in shares of AngloGold Ashanti by 1.8% in the second quarter. Legal & General Group Plc now owns 4,852,722 shares of the mining company’s stock worth $219,100,000 after acquiring an additional 87,679 shares in the last quarter. Amundi raised its position in AngloGold Ashanti by 4.6% in the second quarter. Amundi now owns 3,197,861 shares of the mining company’s stock valued at $149,212,000 after purchasing an additional 140,410 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in AngloGold Ashanti by 274.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,137,721 shares of the mining company’s stock worth $142,986,000 after acquiring an additional 2,300,204 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

AU has been the topic of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a report on Wednesday, January 21st. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Citigroup lifted their price objective on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Scotiabank increased their price target on AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.00.

Read Our Latest Stock Report on AngloGold Ashanti

AngloGold Ashanti Price Performance

NYSE AU opened at $114.38 on Monday. The stock has a market capitalization of $57.75 billion, a PE ratio of 22.04 and a beta of 0.59. AngloGold Ashanti PLC has a 12-month low of $28.44 and a 12-month high of $115.81. The company has a 50 day moving average price of $97.79 and a two-hundred day moving average price of $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 issued its earnings results on Friday, February 20th. The mining company reported $1.90 EPS for the quarter, meeting analysts’ consensus estimates of $1.90. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.99 billion. AngloGold Ashanti had a return on equity of 29.70% and a net margin of 26.65%. As a group, equities analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed 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. This represents a $0.69 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, March 13th. AngloGold Ashanti’s dividend payout ratio is currently 70.13%.

AngloGold Ashanti News Roundup

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

AngloGold Ashanti Company 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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