Quantinno Capital Management LP Raises Stock Holdings in AngloGold Ashanti PLC $AU

Quantinno Capital Management LP raised its holdings in AngloGold Ashanti PLC (NYSE:AU) by 15.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,689 shares of the mining company’s stock after purchasing an additional 15,697 shares during the period. Quantinno Capital Management LP’s holdings in AngloGold Ashanti were worth $11,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in AngloGold Ashanti during the 4th quarter worth $13,777,000. Kestra Private Wealth Services LLC acquired a new stake in shares of AngloGold Ashanti in the 4th quarter valued at about $1,139,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of AngloGold Ashanti in the 4th quarter valued at about $6,523,000. JPMorgan Chase & Co. lifted its position in shares of AngloGold Ashanti by 606.8% during the third quarter. JPMorgan Chase & Co. now owns 13,054 shares of the mining company’s stock worth $918,000 after purchasing an additional 11,207 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its position in shares of AngloGold Ashanti by 13.4% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 247,914 shares of the mining company’s stock worth $21,481,000 after purchasing an additional 29,316 shares during the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $81.61 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19. AngloGold Ashanti PLC has a fifty-two week low of $50.20 and a fifty-two week high of $129.14. The firm has a 50-day simple moving average of $84.12 and a 200 day simple moving average of $96.04. The company has a market cap of $41.20 billion, a PE ratio of 10.94 and a beta of 0.66.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Friday, July 31st. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 39.54%. On average, sell-side analysts anticipate that AngloGold Ashanti PLC will post 8.23 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 21st. AngloGold Ashanti’s dividend payout ratio (DPR) is 62.20%.

Wall Street Analysts Forecast Growth

AU has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Citigroup decreased their target price on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Zacks Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Finally, Roth Capital reduced their price objective on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.50.

About AngloGold Ashanti

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.