Cigna Investments Inc. New Acquires New Holdings in AngloGold Ashanti plc (NYSE:AU)

Cigna Investments Inc. New bought a new stake in AngloGold Ashanti plc (NYSE:AU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,191 shares of the mining company’s stock, valued at approximately $206,000.

Several other large investors also recently added to or reduced their stakes in AU. CWM LLC increased its holdings in shares of AngloGold Ashanti by 36.1% during the 1st quarter. CWM LLC now owns 1,890 shares of the mining company’s stock valued at $42,000 after acquiring an additional 501 shares during the last quarter. GAMMA Investing LLC grew its holdings in AngloGold Ashanti by 108.9% during the first quarter. GAMMA Investing LLC now owns 2,505 shares of the mining company’s stock valued at $56,000 after purchasing an additional 1,306 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of AngloGold Ashanti by 32.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,215 shares of the mining company’s stock valued at $79,000 after purchasing an additional 1,032 shares during the period. Toronto Dominion Bank acquired a new stake in shares of AngloGold Ashanti in the first quarter worth $118,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of AngloGold Ashanti by 39.9% during the 4th quarter. Quadrant Capital Group LLC now owns 7,525 shares of the mining company’s stock worth $141,000 after buying an additional 2,146 shares during the period. 36.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. HSBC cut AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th. BMO Capital Markets increased their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Scotiabank increased their price target on shares of AngloGold Ashanti from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.75.

AngloGold Ashanti Stock Down 1.6 %

AU traded down $0.49 during mid-day trading on Thursday, reaching $30.41. The stock had a trading volume of 1,781,513 shares, compared to its average volume of 1,939,706. The firm’s fifty day simple moving average is $26.57 and its two-hundred day simple moving average is $23.44. AngloGold Ashanti plc has a 52 week low of $14.91 and a 52 week high of $31.35.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $0.17 EPS. On average, analysts predict that AngloGold Ashanti plc will post 2.29 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.22 dividend. This is a positive change from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 0.7%.

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.