111 Capital Invests $293,000 in AngloGold Ashanti PLC $AU

Key Points

• 111 Capital invested approximately $293,000 in AngloGold Ashanti PLC in the 2nd quarter, acquiring 6,431 shares of the mining company.
• AngloGold Ashanti's stock has received mixed ratings from analysts, with four analysts rating it a Buy, three a Hold, and one a Sell, resulting in a consensus rating of "Hold."
• The company recently increased its semi-annual dividend from $0.69 to $0.80, showcasing a strong commitment to returning capital to shareholders.

111 Capital bought a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,431 shares of the mining company's stock, valued at approximately $293,000.

Several other institutional investors have also recently made changes to their positions in AU. Coronation Fund Managers Ltd. bought a new position in shares of AngloGold Ashanti in the 1st quarter worth approximately $63,186,000. Ruffer LLP bought a new position in AngloGold Ashanti during the 2nd quarter valued at approximately $52,267,000. Nuveen LLC bought a new position in AngloGold Ashanti during the 1st quarter valued at approximately $37,451,000. Connor Clark & Lunn Investment Management Ltd. increased its position in AngloGold Ashanti by 788.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,365 shares of the mining company's stock valued at $29,672,000 after buying an additional 709,416 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in AngloGold Ashanti by 3,127.0% during the 1st quarter. Wellington Management Group LLP now owns 561,331 shares of the mining company's stock valued at $20,911,000 after buying an additional 543,936 shares in the last quarter. Institutional investors own 36.09% of the company's stock.

Wall Street Analyst Weigh In

AU has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of AngloGold Ashanti in a research report on Saturday, September 27th. Wall Street Zen raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research report on Monday, August 11th. Finally, Roth Capital set a $76.00 price objective on AngloGold Ashanti and gave the company a "buy" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $54.00.

AngloGold Ashanti Stock Up 2.0%

AngloGold Ashanti stock opened at $74.78 on Tuesday. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 19.89 and a beta of 0.53. The stock has a fifty day simple moving average of $60.31 and a two-hundred day simple moving average of $49.41. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $75.96. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. Equities analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.80 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 610.0%. AngloGold Ashanti's dividend payout ratio (DPR) is 85.11%.

AngloGold Ashanti Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.

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