ORG Partners LLC Purchases Shares of 23,626 AngloGold Ashanti plc (NYSE:AU)

ORG Partners LLC acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,626 shares of the mining company’s stock, valued at approximately $629,000.

A number of other institutional investors also recently added to or reduced their stakes in AU. Ritholtz Wealth Management bought a new stake in AngloGold Ashanti during the 3rd quarter worth about $222,000. Atomi Financial Group Inc. raised its holdings in AngloGold Ashanti by 87.0% in the third quarter. Atomi Financial Group Inc. now owns 16,907 shares of the mining company’s stock worth $450,000 after purchasing an additional 7,864 shares during the period. Handelsbanken Fonder AB lifted its holdings in AngloGold Ashanti by 30.6% during the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock worth $3,182,000 after acquiring an additional 28,000 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of AngloGold Ashanti during the 3rd quarter valued at about $126,000. Finally, Creative Planning boosted its holdings in shares of AngloGold Ashanti by 18.2% in the second quarter. Creative Planning now owns 17,961 shares of the mining company’s stock valued at $451,000 after buying an additional 2,768 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AU. JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Scotiabank reaffirmed a “sector underperform” rating and issued a $30.00 price objective (up from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. BMO Capital Markets lifted their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, AngloGold Ashanti presently has an average rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Trading Up 0.6 %

AngloGold Ashanti stock opened at $27.34 on Tuesday. The firm’s fifty day moving average is $28.73 and its 200 day moving average is $26.22. AngloGold Ashanti plc has a 12-month low of $15.60 and a 12-month high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business posted $0.17 EPS. As a group, research analysts predict that AngloGold Ashanti plc will post 2.58 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

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

About AngloGold Ashanti

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.