14,703 Shares in AngloGold Ashanti plc (NYSE:AU) Bought by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in AngloGold Ashanti plc (NYSE:AU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,703 shares of the mining company’s stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AU. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $340,000. Beacon Pointe Advisors LLC acquired a new position in AngloGold Ashanti in the fourth quarter valued at $230,000. Allianz Asset Management GmbH grew its holdings in shares of AngloGold Ashanti by 52.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,424,939 shares of the mining company’s stock worth $26,632,000 after purchasing an additional 492,358 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $1,268,000. Finally, Oaktree Capital Management LP lifted its holdings in shares of AngloGold Ashanti by 8.2% in the 4th quarter. Oaktree Capital Management LP now owns 5,874,951 shares of the mining company’s stock valued at $109,803,000 after purchasing an additional 446,132 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of AU opened at $28.03 on Monday. The stock has a market capitalization of $11.73 billion, a P/E ratio of 8.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. AngloGold Ashanti plc has a 1 year low of $14.91 and a 1 year high of $32.57. The company’s fifty day moving average is $28.98 and its two-hundred day moving average is $25.61.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company earned $0.17 earnings per share. On average, sell-side analysts predict that AngloGold Ashanti plc will post 2.39 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.22 per share. This represents a yield of 0.7%. The ex-dividend date was Friday, August 30th. This is a positive change from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19. AngloGold Ashanti’s dividend payout ratio is currently 13.75%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. Scotiabank reiterated a “sector underperform” rating and set a $30.00 price target (up previously from $27.00) on shares of AngloGold Ashanti in a research note on Monday, August 19th. Finally, BMO Capital Markets lifted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.50.

AngloGold Ashanti 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.