Amundi Purchases 140,410 Shares of AngloGold Ashanti PLC $AU

Amundi increased its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 4.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,197,861 shares of the mining company’s stock after buying an additional 140,410 shares during the quarter. Amundi’s holdings in AngloGold Ashanti were worth $149,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of AU. Financial Management Professionals Inc. acquired a new position in AngloGold Ashanti during the 2nd quarter worth $30,000. SVB Wealth LLC bought a new position in shares of AngloGold Ashanti in the first quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted 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 worth $47,000 after purchasing an additional 238 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in AngloGold Ashanti during the 2nd quarter valued at approximately $69,000. Finally, Farther Finance Advisors LLC boosted its stake in AngloGold Ashanti by 579.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock valued at $76,000 after purchasing an additional 1,419 shares during the period. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 0.9%

Shares of AU opened at $82.63 on Monday. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 18.20 and a beta of 0.58. 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 PLC has a 12 month low of $22.45 and a 12 month high of $89.19. The company has a 50-day moving average price of $75.35 and a two-hundred day moving average price of $60.61.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Tuesday, November 11th. 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 net margin of 26.25% and a return on equity of 24.01%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, November 28th. AngloGold Ashanti’s dividend payout ratio is currently 80.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Citigroup initiated coverage on shares of AngloGold Ashanti in a research report on Monday, October 27th. They set a “buy” rating and a $90.00 target price on the stock. Weiss Ratings raised shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Scotiabank boosted their price objective on shares of AngloGold Ashanti from $90.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 12th. Finally, Roth Capital set a $76.00 price objective on shares of AngloGold Ashanti and gave the company a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.83.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.