NorthCrest Asset Manangement LLC Makes New $510,000 Investment in AngloGold Ashanti PLC $AU

NorthCrest Asset Manangement LLC purchased a new stake in AngloGold Ashanti PLC (NYSE:AU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,761 shares of the mining company’s stock, valued at approximately $510,000.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of AngloGold Ashanti by 0.5% in the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock worth $2,245,000 after buying an additional 147 shares in the last quarter. CIBC Private Wealth Group LLC grew 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 worth $42,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in AngloGold Ashanti by 4.8% during the third quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock worth $248,000 after buying an additional 161 shares in the last quarter. CoreCap Advisors LLC increased its stake in AngloGold Ashanti by 27.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock worth $71,000 after acquiring an additional 216 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in AngloGold Ashanti by 13.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock worth $133,000 after acquiring an additional 229 shares during the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Scotiabank lowered their target price on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, March 20th. Citigroup lifted their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Roth Mkm reissued a “buy” rating and issued a $122.00 price target on shares of AngloGold Ashanti in a research note on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.33.

AngloGold Ashanti Trading Up 4.6%

Shares of AU stock opened at $89.79 on Thursday. The business has a 50-day moving average price of $105.32 and a two-hundred day moving average price of $87.33. AngloGold Ashanti PLC has a 12-month low of $31.91 and a 12-month high of $129.14. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The firm has a market cap of $45.33 billion, a P/E ratio of 17.30 and a beta of 0.55.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 EPS for the quarter, meeting the consensus estimate of $1.90. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.99 billion. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%. Equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 13th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 133.33%.

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.