Extract Advisors LLC Makes New Investment in AngloGold Ashanti PLC $AU

Extract Advisors LLC purchased a new stake in AngloGold Ashanti PLC (NYSE:AU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the mining company’s stock, valued at approximately $1,460,000. AngloGold Ashanti makes up about 0.5% of Extract Advisors LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in AU. Quantinno Capital Management LP raised its holdings in shares of AngloGold Ashanti by 15.2% during the first quarter. Quantinno Capital Management LP now owns 118,689 shares of the mining company’s stock worth $11,556,000 after acquiring an additional 15,697 shares during the period. Lazard Asset Management LLC lifted its position in AngloGold Ashanti by 37.2% in the 1st quarter. Lazard Asset Management LLC now owns 821,927 shares of the mining company’s stock valued at $80,008,000 after acquiring an additional 223,062 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in AngloGold Ashanti in the 1st quarter worth $246,000. Waverly Advisors LLC acquired a new position in AngloGold Ashanti in the 1st quarter worth $4,271,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in AngloGold Ashanti during the 1st quarter worth about $11,060,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 0.9%

Shares of AU stock opened at $80.42 on Tuesday. The firm’s fifty day moving average price is $85.23 and its two-hundred day moving average price is $96.54. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. AngloGold Ashanti PLC has a 1 year low of $45.36 and a 1 year high of $129.14. The firm has a market capitalization of $40.60 billion, a P/E ratio of 11.79 and a beta of 0.65.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 31.11% and a return on equity of 36.41%. On average, equities analysts predict that AngloGold Ashanti PLC will post 8.23 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, May 29th. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 5.8%. AngloGold Ashanti’s dividend payout ratio is currently 68.04%.

Analysts Set New Price Targets

Several research firms have issued reports on AU. Zacks Research downgraded AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Roth Capital decreased their price objective on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Citigroup dropped their target price on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Company 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.