AngloGold Ashanti PLC $AU Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 376.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,607 shares of the mining company’s stock after buying an additional 62,093 shares during the period. Nisa Investment Advisors LLC’s holdings in AngloGold Ashanti were worth $7,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC lifted its holdings in AngloGold Ashanti by 6.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 4,290 shares of the mining company’s stock worth $393,000 after buying an additional 252 shares in the last quarter. Founders Grove Wealth Partners LLC purchased a new position in AngloGold Ashanti in the 3rd quarter valued at about $209,000. Frank Rimerman Advisors LLC grew its stake in shares of AngloGold Ashanti by 0.3% during the third quarter. Frank Rimerman Advisors LLC now owns 79,927 shares of the mining company’s stock valued at $7,509,000 after acquiring an additional 268 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of AngloGold Ashanti during the third quarter valued at about $31,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of AngloGold Ashanti by 4.0% during the third quarter. Assenagon Asset Management S.A. now owns 11,283 shares of the mining company’s stock valued at $1,058,000 after acquiring an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Down 7.0%

AU opened at $85.05 on Friday. The stock has a market capitalization of $42.94 billion, a PE ratio of 11.85 and a beta of 0.73. The firm’s fifty day moving average price is $101.47 and its 200 day moving average price is $94.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07. AngloGold Ashanti PLC has a 12-month low of $62.55 and a 12-month high of $129.14.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. As a group, research analysts expect that AngloGold Ashanti PLC will post 8.18 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. This is a negative change from AngloGold Ashanti’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, August 21st. AngloGold Ashanti’s payout ratio is 6.70%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets lowered AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a research report on Thursday, September 10th. The Goldman Sachs Group began coverage on AngloGold Ashanti in a research note on Thursday, October 15th. They issued a “buy” rating and a $104.00 price target on the stock. Zacks Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. RBC Dominion Securities set a $110.00 price objective on AngloGold Ashanti and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup dropped their price objective on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $118.06.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.