ORG Partners LLC Takes $629,000 Position in AngloGold Ashanti plc (NYSE:AU)

ORG Partners LLC acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,626 shares of the mining company's stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its position in AngloGold Ashanti by 23.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,032,491 shares of the mining company's stock worth $37,987,000 after buying an additional 379,701 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AngloGold Ashanti by 7.8% in the fourth quarter. Vanguard Group Inc. now owns 16,743,697 shares of the mining company's stock valued at $312,940,000 after purchasing an additional 1,215,741 shares during the last quarter. PNC Financial Services Group Inc. grew 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 last quarter. CWM LLC grew its position in shares of AngloGold Ashanti by 36.1% in the first quarter. CWM LLC now owns 1,890 shares of the mining company's stock valued at $42,000 after purchasing an additional 501 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of AngloGold Ashanti by 108.9% in 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. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Trading Up 0.8 %

AU traded up $0.23 during midday trading on Tuesday, reaching $27.57. 2,198,198 shares of the company's stock were exchanged, compared to its average volume of 1,965,191. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48. AngloGold Ashanti plc has a one year low of $15.60 and a one year high of $32.57. The business has a 50-day simple moving average of $28.73 and a two-hundred day simple moving average of $26.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly 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 the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $0.17 EPS. 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 declared a Semi-Annual dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.22 per share. This is a boost from AngloGold Ashanti's previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 0.7%.

Wall Street Analyst Weigh In

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

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.