AngloGold Ashanti PLC $AU Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 44,368.6% in the first quarter, Holdings Channel reports. The firm owned 15,564 shares of the mining company’s stock after acquiring an additional 15,529 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in AngloGold Ashanti were worth $1,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AU. Zions Bancorporation National Association UT purchased a new stake in AngloGold Ashanti during the fourth quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of AngloGold Ashanti in the 4th quarter valued at $34,000. Ancora Advisors LLC purchased a new position in shares of AngloGold Ashanti in the 3rd quarter valued at $35,000. Mcguire Capital Advisors Inc. acquired a new position in shares of AngloGold Ashanti during the 4th quarter valued at $36,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after acquiring an additional 386 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AU. Roth Mkm lowered their price target 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 boosted their price objective on AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Finally, Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.80.

AngloGold Ashanti Stock Performance

Shares of AU opened at $84.55 on Friday. The business’s 50 day moving average is $91.17 and its two-hundred day moving average is $97.32. AngloGold Ashanti PLC has a 52-week low of $44.67 and a 52-week high of $129.14. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 12.40 and a beta of 0.65. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti (NYSE:AU) last released 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. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Analysts forecast that AngloGold Ashanti PLC will post 8.91 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed 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 a positive change 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 5.5%. AngloGold Ashanti’s payout ratio is currently 68.04%.

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.