Turtle Creek Wealth Advisors LLC Acquires New Stake in AngloGold Ashanti PLC $AU

Turtle Creek Wealth Advisors LLC acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,029 shares of the mining company’s stock, valued at approximately $429,000.

Several other large investors also recently added to or reduced their stakes in the business. PDS Planning Inc boosted its stake in AngloGold Ashanti by 3.0% during the fourth quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after buying an additional 124 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in AngloGold Ashanti by 4.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock valued at $305,000 after buying an additional 142 shares during the period. California State Teachers Retirement System boosted its stake in AngloGold Ashanti by 0.5% during the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock valued at $2,245,000 after buying an additional 147 shares during the period. CIBC Private Wealth Group LLC boosted its stake in AngloGold Ashanti by 33.4% during the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock valued at $42,000 after buying an additional 150 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in AngloGold Ashanti by 4.8% during the third quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock worth $248,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

Analyst Ratings Changes

AU has been the subject of several research analyst reports. Weiss Ratings raised AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Roth Mkm reaffirmed a “buy” rating and set a $122.00 price target on shares of AngloGold Ashanti in a research note on Friday, February 20th. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Citigroup lifted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Scotiabank dropped their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, March 20th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus target price of $112.20.

AngloGold Ashanti Trading Up 2.8%

Shares of AU stock opened at $99.48 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $104.24 and a two-hundred day moving average price of $92.36. AngloGold Ashanti PLC has a 12-month low of $38.61 and a 12-month high of $129.14. The firm has a market cap of $50.22 billion, a P/E ratio of 19.17 and a beta of 0.66.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 EPS for the quarter, hitting the consensus estimate of $1.90. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.99 billion. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%. Equities analysts anticipate that AngloGold Ashanti PLC will post 8.78 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.173 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.69 annualized dividend and a dividend yield of 0.7%. AngloGold Ashanti’s payout ratio is currently 133.33%.

About AngloGold Ashanti

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.