5,580 Shares in AngloGold Ashanti PLC $AU Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,580 shares of the mining company’s stock, valued at approximately $392,000.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of AngloGold Ashanti during the 1st quarter worth approximately $321,000. Farther Finance Advisors LLC lifted its position in shares of AngloGold Ashanti by 579.2% during the second quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company’s stock worth $76,000 after purchasing an additional 1,419 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of AngloGold Ashanti by 162.5% during the second quarter. Global Trust Asset Management LLC now owns 2,100 shares of the mining company’s stock valued at $96,000 after purchasing an additional 1,300 shares during the period. Lee Johnson Capital Management LLC bought a new position in shares of AngloGold Ashanti in the second quarter worth about $787,000. Finally, Vigilare Wealth Management purchased a new position in AngloGold Ashanti in the 2nd quarter worth about $283,000. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

AU has been the subject of several research reports. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. HSBC restated a “reduce” rating and set a $55.00 price objective on shares of AngloGold Ashanti in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Finally, Citigroup increased their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.00.

AngloGold Ashanti Stock Up 1.2%

Shares of NYSE AU opened at $109.39 on Wednesday. AngloGold Ashanti PLC has a 12-month low of $27.48 and a 12-month high of $113.47. The stock’s fifty day simple moving average is $89.74 and its two-hundred day simple moving average is $72.45. The stock has a market capitalization of $45.91 billion, a PE ratio of 24.09 and a beta of 0.58. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21.

AngloGold Ashanti (NYSE:AU) last released 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). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, November 28th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.3%. AngloGold Ashanti’s payout ratio is presently 80.18%.

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.