AngloGold Ashanti PLC $AU Stock Holdings Boosted by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 14.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 160,330 shares of the mining company’s stock after purchasing an additional 20,687 shares during the quarter. Cetera Investment Advisers’ holdings in AngloGold Ashanti were worth $15,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at $26,000. Zions Bancorporation National Association UT bought a new stake in AngloGold Ashanti in the fourth quarter worth about $31,000. Garton & Associates Financial Advisors LLC bought a new stake in AngloGold Ashanti in the fourth quarter worth about $34,000. Ancora Advisors LLC acquired a new stake in AngloGold Ashanti in the 3rd quarter valued at about $35,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in AngloGold Ashanti in the 4th quarter valued at about $36,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

AU stock opened at $78.90 on Wednesday. AngloGold Ashanti PLC has a one year low of $45.36 and a one year high of $129.14. The firm has a 50-day moving average of $85.03 and a two-hundred day moving average of $96.44. The firm has a market capitalization of $39.84 billion, a PE ratio of 11.57 and a beta of 0.65. The company has a current ratio of 2.71, a quick ratio of 2.11 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 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, analysts forecast that AngloGold Ashanti PLC will post 8.23 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 5.9%. AngloGold Ashanti’s payout ratio is currently 68.04%.

Analyst Upgrades and Downgrades

AU has been the topic of a number of research reports. Zacks Research downgraded shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Royal Bank Of Canada reduced their target price on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup decreased their price target on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

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.