14,500 Shares in AngloGold Ashanti PLC $AU Acquired by Oakmont Investment Advisors Inc.

Key Points

• Oakmont Investment Advisors acquired 14,500 shares of AngloGold Ashanti worth approximately $1.17 million during the second quarter. Institutional investors collectively own 36.09% of the company.
• Analyst sentiment is mixed, but AngloGold Ashanti carries a “Moderate Buy” consensus rating with an average price target of $110.50; targets and ratings ranged from “Strong Buy” to “Strong Sell.”
• The stock opened at $108.95, while the company’s latest quarterly results slightly missed expectations, reporting $1.98 in EPS and $3.10 billion in revenue. AngloGold Ashanti also paid a quarterly dividend of $0.72, representing a 2.6% yield.

Oakmont Investment Advisors Inc. bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 14,500 shares of the mining company's stock, valued at approximately $1,173,000.

A number of other institutional investors have also recently bought and sold shares of the stock. AXQ Capital LP boosted its holdings in shares of AngloGold Ashanti by 506.7% in the second quarter. AXQ Capital LP now owns 27,803 shares of the mining company's stock valued at $2,249,000 after buying an additional 23,220 shares during the period. BTG Pactual Asset Management US LLC acquired a new stake in shares of AngloGold Ashanti during the second quarter worth $2,134,000. Quantitative Investment Management LLC lifted its position in AngloGold Ashanti by 122.2% in the 2nd quarter. Quantitative Investment Management LLC now owns 10,766 shares of the mining company's stock valued at $870,000 after acquiring an additional 5,920 shares in the last quarter. Wellington Management Group LLP lifted its position in AngloGold Ashanti by 8.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company's stock valued at $156,214,000 after acquiring an additional 154,726 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in AngloGold Ashanti in the 2nd quarter worth $19,078,000. Institutional investors own 36.09% of the company's stock.

Analyst Ratings Changes

AU has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on AngloGold Ashanti from $114.00 to $111.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Freedom Capital upgraded AngloGold Ashanti to a "strong-buy" rating in a report on Friday, June 26th. Zacks Research lowered AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut AngloGold Ashanti from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, AngloGold Ashanti has an average rating of "Moderate Buy" and an average target price of $110.50.

AngloGold Ashanti Price Performance

NYSE:AU opened at $108.95 on Friday. AngloGold Ashanti PLC has a 52-week low of $58.83 and a 52-week high of $129.14. The company has a market cap of $55.01 billion, a P/E ratio of 14.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 2.71. The stock's 50-day simple moving average is $92.21 and its 200 day simple moving average is $96.31.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. As a group, sell-side analysts forecast that AngloGold Ashanti PLC will post 8.14 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti's dividend payout ratio 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.

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