AngloGold Ashanti PLC $AU Shares Purchased by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management LLC boosted its stake in AngloGold Ashanti by 13.6% in Q4, buying 14,673 shares to hold 122,885 shares worth about $10.56 million, making AU its 27th-largest holding.
• AngloGold Ashanti reported Q4 EPS $1.90 (in line with estimates) and revenue of $3.07 billion (beating the $2.99B forecast), with strong profitability metrics (ROE 29.11%, net margin 26.65%).
• The company declared a quarterly dividend of $0.173 (annualized $0.69) yielding 0.8%, with a high payout ratio of 133.33%, reflecting a recent dividend cut.

Euro Pacific Asset Management LLC boosted its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,885 shares of the mining company's stock after buying an additional 14,673 shares during the period. AngloGold Ashanti accounts for approximately 0.0% of Euro Pacific Asset Management LLC's holdings, making the stock its 27th largest holding. Euro Pacific Asset Management LLC's holdings in AngloGold Ashanti were worth $10,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new position in shares of AngloGold Ashanti during the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its holdings in AngloGold Ashanti by 129.0% in the third quarter. UMB Bank n.a. now owns 490 shares of the mining company's stock valued at $34,000 after purchasing an additional 276 shares during the period. Optimum Investment Advisors purchased a new stake in AngloGold Ashanti in the third quarter valued at approximately $35,000. Ancora Advisors LLC acquired a new position in AngloGold Ashanti during the third quarter worth approximately $35,000. Finally, CIBC Private Wealth Group LLC increased its position 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 worth $42,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Stock Up 1.5%

Shares of AngloGold Ashanti stock opened at $90.54 on Tuesday. AngloGold Ashanti PLC has a twelve month low of $31.91 and a twelve month high of $129.14. The stock has a market cap of $45.71 billion, a price-to-earnings ratio of 17.44 and a beta of 0.55. The company has a current ratio of 2.87, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $104.69 and a 200 day moving average price of $88.02.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 EPS for the quarter, hitting analysts' consensus estimates of $1.90. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%.The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $2.99 billion. Equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.173 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.69 annualized dividend and a yield of 0.8%. AngloGold Ashanti's payout ratio is 133.33%.

Wall Street Analyst Weigh In

AU has been the topic of a number of research analyst reports. Roth Mkm reiterated a "buy" rating and issued a $122.00 price target on shares of AngloGold Ashanti in a report on Friday, February 20th. Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 3rd. Scotiabank reduced their target price on AngloGold Ashanti from $134.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings downgraded AngloGold Ashanti from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.33.

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.

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