Ritholtz Wealth Management Increases Stock Position in AngloGold Ashanti PLC $AU

by · The Markets Daily

Ritholtz Wealth Management lifted its position in shares of AngloGold Ashanti PLC (NYSE:AU – Free Report) by 88.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,439 shares of the mining company’s stock after buying an additional 8,646 shares during the period. Ritholtz Wealth Management’s holdings in AngloGold Ashanti were worth $1,297,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AU. CoreCap Advisors LLC grew its position in AngloGold Ashanti by 27.3% during the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock valued at $71,000 after acquiring an additional 216 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of AngloGold Ashanti by 13.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock worth $133,000 after purchasing an additional 229 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of AngloGold Ashanti by 27.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,257 shares of the mining company’s stock worth $88,000 after purchasing an additional 269 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in AngloGold Ashanti by 0.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 91,793 shares of the mining company’s stock worth $4,183,000 after purchasing an additional 285 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 0.6%

NYSE:AU opened at $99.15 on Monday. 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 firm has a 50-day moving average of $86.19 and a two-hundred day moving average of $69.58. AngloGold Ashanti PLC has a 1-year low of $26.78 and a 1-year high of $100.31.

AngloGold Ashanti (NYSE:AU – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 EPS 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 analyst estimates of $2.53 billion. As a group, equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.91 per share. 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 3.7%. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 80.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AU shares. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. JPMorgan Chase & Co. lifted their target price on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Citigroup upped their price target on shares of AngloGold Ashanti from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. HSBC reissued a “reduce” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Finally, Roth Capital boosted their price objective on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Check Out Our Latest Report on AngloGold Ashanti

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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