Quantitative Investment Management LLC Acquires 5,920 Shares of AngloGold Ashanti PLC $AU

Quantitative Investment Management LLC raised its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 122.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,766 shares of the mining company’s stock after purchasing an additional 5,920 shares during the quarter. Quantitative Investment Management LLC’s holdings in AngloGold Ashanti were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ascentis Independent Advisors bought a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $26,000. Ancora Advisors LLC bought a new stake in AngloGold Ashanti in the second quarter valued at $30,000. Zions Bancorporation National Association UT bought a new stake in AngloGold Ashanti in the fourth quarter valued at $31,000. Garton & Associates Financial Advisors LLC acquired a new position in AngloGold Ashanti during the fourth quarter worth $34,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of AngloGold Ashanti during the fourth quarter valued at $36,000. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AU has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Citigroup dropped their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Zacks Research downgraded shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings cut shares of AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.50.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $107.87 on Wednesday. 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 firm has a market cap of $54.46 billion, a P/E ratio of 14.46 and a beta of 0.73. The business’s fifty day moving average is $90.42 and its two-hundred day moving average is $96.19. AngloGold Ashanti PLC has a 52 week low of $56.62 and a 52 week high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share 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 during the quarter, compared to analyst estimates of $3.20 billion. Equities research analysts forecast that AngloGold Ashanti PLC will post 8.14 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 21st. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 6.70%.

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.