Eleva Capital SAS Buys New Holdings in AngloGold Ashanti PLC $AU

Eleva Capital SAS acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 89,278 shares of the mining company’s stock, valued at approximately $8,388,000. AngloGold Ashanti comprises approximately 7.0% of Eleva Capital SAS’s investment portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new stake in shares of AngloGold Ashanti during the first quarter worth approximately $26,000. Ancora Advisors LLC acquired a new stake in AngloGold Ashanti in the second quarter valued at $30,000. Reflection Asset Management purchased a new position in AngloGold Ashanti during the 4th quarter valued at about $42,000. KBC Group NV purchased a new position in AngloGold Ashanti during the first quarter worth $55,000. Finally, Ameritas Advisory Services LLC acquired a new position in AngloGold Ashanti in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank dropped their target price on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Citigroup cut their price target on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $134.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Finally, BMO Capital Markets cut AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.14.

AngloGold Ashanti Trading Down 0.5%

Shares of AU stock traded down $0.49 during trading hours on Tuesday, reaching $93.99. 910,439 shares of the stock traded hands, compared to its average volume of 2,898,436. The firm has a market capitalization of $47.45 billion, a PE ratio of 12.59 and a beta of 0.73. The business has a fifty day moving average price of $100.61 and a 200 day moving average price of $94.53. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. AngloGold Ashanti PLC has a 1-year low of $62.55 and a 1-year high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.20 billion. On average, equities research analysts forecast that AngloGold Ashanti PLC will post 8.16 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, August 21st. This is a negative change from AngloGold Ashanti’s previous quarterly dividend of $1.16. AngloGold Ashanti’s dividend payout ratio is 6.70%.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc (NYSE: AU) is a global gold mining company engaged in the exploration, development, and production of gold. Its activities include operating mines, processing ore into doré and bullion, and developing mineral resources and reserves. The company also conducts exploration and evaluation activities in areas with potential for additional gold discoveries.

The company has mining operations and projects across several regions, including Africa, Australia, the Americas, and other international markets.