Polianta Ltd Purchases 5,500 Shares of AngloGold Ashanti PLC $AU

Polianta Ltd increased its position in AngloGold Ashanti PLC (NYSE:AU) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,000 shares of the mining company’s stock after buying an additional 5,500 shares during the quarter. Polianta Ltd’s holdings in AngloGold Ashanti were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in AngloGold Ashanti in the 1st quarter worth $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $31,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $34,000. Ancora Advisors LLC bought a new stake in shares of AngloGold Ashanti in the third quarter worth about $35,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of AngloGold Ashanti in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AU shares. Freedom Capital upgraded AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Citigroup dropped their price target on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Weiss Ratings cut shares of AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Roth Capital reduced their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

AngloGold Ashanti Stock Performance

AngloGold Ashanti stock opened at $96.27 on Friday. AngloGold Ashanti PLC has a fifty-two week low of $52.05 and a fifty-two week high of $129.14. The stock’s 50 day simple moving average is $83.51 and its two-hundred day simple moving average is $95.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. The stock has a market cap of $48.60 billion, a price-to-earnings ratio of 12.90 and a beta of 0.66.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 39.54%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. As a group, analysts expect that AngloGold Ashanti PLC will post 8.19 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a $0.72 dividend. The ex-dividend date is Friday, August 21st. This represents a $2.88 annualized dividend and a dividend yield of 3.0%. AngloGold Ashanti’s dividend payout ratio is presently 38.61%.

AngloGold Ashanti Company Profile

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.