Titan Investment Solutions Ltd Acquires New Stake in AngloGold Ashanti PLC $AU

Titan Investment Solutions Ltd acquired a new stake in AngloGold Ashanti PLC (NYSE:AU) in the fourth quarter, Holdings Channel reports. The firm acquired 19,555 shares of the mining company’s stock, valued at approximately $1,668,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC boosted its position in AngloGold Ashanti by 3.6% during the fourth quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock valued at $237,000 after acquiring an additional 96 shares during the last quarter. PDS Planning Inc boosted its position in AngloGold Ashanti by 3.0% during the fourth quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after acquiring an additional 124 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in AngloGold Ashanti by 4.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock valued at $305,000 after acquiring an additional 142 shares during the last quarter. California State Teachers Retirement System boosted its position in AngloGold Ashanti by 0.5% during the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock valued at $2,245,000 after acquiring an additional 147 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted 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 valued at $42,000 after acquiring an additional 150 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on AU shares. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Scotiabank dropped their price objective on shares of 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, Roth Mkm restated a “buy” rating and issued a $121.00 target price on shares of AngloGold Ashanti in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.00.

AngloGold Ashanti Stock Performance

Shares of AU opened at $86.26 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. The stock has a 50-day moving average of $97.02 and a 200-day moving average of $97.19. The company has a market cap of $43.55 billion, a PE ratio of 12.65 and a beta of 0.60. AngloGold Ashanti PLC has a one year low of $43.44 and a one year high of $129.14.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. On average, equities research analysts predict that AngloGold Ashanti PLC will post 9.26 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.16 per share. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 5.4%. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 68.04%.

AngloGold Ashanti Profile

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.