Ritholtz Wealth Management Makes New $238,000 Investment in AngloGold Ashanti PLC (NYSE:AU)

Ritholtz Wealth Management purchased a new position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,400 shares of the mining company's stock, valued at approximately $238,000.

A number of other hedge funds also recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in AngloGold Ashanti by 9.3% in the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company's stock worth $248,000 after buying an additional 910 shares during the period. Handelsbanken Fonder AB lifted its position in shares of AngloGold Ashanti by 13.0% during the fourth quarter. Handelsbanken Fonder AB now owns 135,064 shares of the mining company's stock worth $3,117,000 after acquiring an additional 15,564 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of AngloGold Ashanti by 39.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,934,603 shares of the mining company's stock worth $44,651,000 after acquiring an additional 542,463 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AngloGold Ashanti by 9.9% in the fourth quarter. Bank of New York Mellon Corp now owns 599,937 shares of the mining company's stock worth $13,847,000 after acquiring an additional 54,096 shares during the period. Finally, Sprott Inc. raised its stake in shares of AngloGold Ashanti by 0.7% during the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company's stock valued at $2,104,000 after purchasing an additional 662 shares during the period. Institutional investors own 36.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. HSBC reiterated a "reduce" rating and set a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Roth Capital began coverage on shares of AngloGold Ashanti in a research note on Thursday, June 12th. They issued a "buy" rating and a $52.00 target price on the stock. Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. Finally, Royal Bank Of Canada increased their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

AngloGold Ashanti Price Performance

NYSE AU traded down $1.91 during trading hours on Tuesday, reaching $46.39. 3,416,047 shares of the stock traded hands, compared to its average volume of 2,683,590. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. The stock has a 50 day simple moving average of $44.04 and a two-hundred day simple moving average of $35.02. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $51.11. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 15.26 and a beta of 0.49.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.84 billion. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. On average, analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.

AngloGold Ashanti Company 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.