12,109 AngloGold Ashanti PLC $AU Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC raised its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,395 shares of the mining company’s stock after purchasing an additional 12,109 shares during the quarter. AngloGold Ashanti accounts for 1.9% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 15th largest position. Euro Pacific Asset Management LLC’s holdings in AngloGold Ashanti were worth $26,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Yousif Capital Management LLC raised its position in shares of AngloGold Ashanti by 2.1% in the 3rd quarter. Yousif Capital Management LLC now owns 7,502 shares of the mining company’s stock valued at $705,000 after purchasing an additional 156 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of AngloGold Ashanti by 7.8% during the 3rd quarter. Moody National Bank Trust Division now owns 2,777 shares of the mining company’s stock valued at $261,000 after buying an additional 202 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of AngloGold Ashanti by 2.9% during the third quarter. Quadrant Capital Group LLC now owns 7,975 shares of the mining company’s stock worth $731,000 after buying an additional 224 shares in the last quarter. Monument Capital Management grew its position in shares of AngloGold Ashanti by 6.5% during the third quarter. Monument Capital Management now owns 4,037 shares of the mining company’s stock worth $379,000 after buying an additional 245 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its position in shares of AngloGold Ashanti by 6.2% during the third quarter. Diversify Advisory Services LLC now owns 4,290 shares of the mining company’s stock worth $393,000 after buying an additional 252 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of AngloGold Ashanti from $111.00 to $119.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Weiss Ratings downgraded shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. The Goldman Sachs Group assumed coverage on shares of AngloGold Ashanti in a report on Thursday, October 15th. They set a “buy” rating and a $104.00 price objective for the company. TD Cowen began coverage on shares of AngloGold Ashanti in a report on Monday, November 2nd. They set a “buy” rating and a $123.00 price objective for the company. Finally, BMO Capital Markets downgraded shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Thursday, September 10th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $118.35.

Key Headlines Impacting AngloGold Ashanti

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

• Positive Sentiment: AngloGold plans to invest about $900 million in mine expansions to increase production by 2030. The spending targets existing operations and offers a potential longer-term production-growth catalyst. Article: AngloGold plans $900 million mine expansion amid stronger profit
• Positive Sentiment: Third-quarter profit rose 18%, and coverage of the earnings call highlighted strong free cash flow, providing some support despite weaker production. Article: AngloGold Profit Up 18% as Gold Output Slips
• Negative Sentiment: Quarterly results fell short of expectations: EPS was $1.54 versus the $1.76 consensus, while revenue of $2.62 billion was below the $2.89 billion forecast. Gold output also slipped, tempering the profit growth.
• Negative Sentiment: The company declared a quarterly dividend of $0.125 per share, an 82.6% reduction from the prior $0.72 payment. The lower payout may weigh on income-focused investors.

AngloGold Ashanti Price Performance

Shares of AU opened at $92.96 on Monday. AngloGold Ashanti PLC has a 52 week low of $67.82 and a 52 week high of $129.14. The company has a current ratio of 2.71, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 12.09 and a beta of 0.72. The stock has a 50 day moving average of $95.71 and a 200-day moving average of $96.52.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.22). AngloGold Ashanti had a net margin of 32.63% and a return on equity of 39.17%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.89 billion. As a group, analysts forecast that AngloGold Ashanti PLC will post 8.06 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.1250 per share. The ex-dividend date is Friday, November 27th. This is a negative change from AngloGold Ashanti’s previous quarterly dividend of $0.72. This represents a $0.50 annualized dividend and a yield of 0.5%. AngloGold Ashanti’s payout ratio is presently 6.50%.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company that explores for, develops and operates gold mines. Gold is its primary product, and the company also produces silver and other by-products at some operations.

The company’s operations and projects span Africa, Australia and the Americas. Its portfolio includes mines and development projects in countries such as Ghana, Tanzania, Guinea, Australia, Brazil and Argentina.

AngloGold Ashanti was formed in 1998 through the consolidation of gold mining interests held by Anglo American in South Africa.