Veracity Capital LLC Buys New Stake in AngloGold Ashanti PLC $AU

Veracity Capital LLC purchased a new stake in AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,954 shares of the mining company’s stock, valued at approximately $489,000.

Several other hedge funds also recently added to or reduced their stakes in AU. Financial Management Professionals Inc. purchased a new stake in shares of AngloGold Ashanti in the second quarter worth about $30,000. SVB Wealth LLC purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. lifted its position in AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after acquiring an additional 238 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in AngloGold Ashanti during the 2nd quarter worth approximately $69,000. Finally, Farther Finance Advisors LLC boosted its holdings in AngloGold Ashanti by 579.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock worth $76,000 after acquiring an additional 1,419 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Price Performance

AU opened at $84.67 on Thursday. The company has a market capitalization of $35.54 billion, a P/E ratio of 18.65 and a beta of 0.58. The company has a 50-day moving average of $76.93 and a 200-day moving average of $62.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $89.19.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.02). The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.53 billion. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%. Equities analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $0.91 dividend. The ex-dividend date was Friday, November 28th. This represents a $3.64 annualized dividend and a dividend yield of 4.3%. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 80.18%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AU shares. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Citigroup lifted their price target on shares of AngloGold Ashanti from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Roth Capital upped their price objective on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Monday. HSBC restated a “reduce” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Finally, Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, AngloGold Ashanti has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

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.