AngloGold Ashanti PLC $AU Stake Trimmed by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reduced its holdings in AngloGold Ashanti PLC by 29.4%, selling 7,700 shares, leaving it with 18,500 shares valued at $832,000.
• AngloGold Ashanti reported earnings of $1.25 per share, missing estimates, but its revenue of $2.45 billion exceeded analyst expectations.
• The company announced a semi-annual dividend of $0.80, marking an increase from the previous dividend of $0.69, with a dividend payout ratio of 85.11%.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reduced its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 29.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the mining company's stock after selling 7,700 shares during the period. AngloGold Ashanti comprises 3.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 9th largest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in AngloGold Ashanti were worth $832,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in AngloGold Ashanti during the 1st quarter worth approximately $30,000. Financial Management Professionals Inc. acquired a new position in AngloGold Ashanti during the 2nd quarter worth approximately $30,000. SVB Wealth LLC acquired a new position in AngloGold Ashanti during the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC grew its holdings in AngloGold Ashanti by 579.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company's stock worth $76,000 after acquiring an additional 1,419 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in AngloGold Ashanti during the 1st quarter worth approximately $77,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Trading Down 6.1%

Shares of AngloGold Ashanti stock opened at $73.75 on Friday. The company has a fifty day simple moving average of $64.23 and a 200-day simple moving average of $51.61. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $79.94. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. The stock has a market cap of $30.95 billion, a price-to-earnings ratio of 19.61 and a beta of 0.53.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. On average, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.80 dividend. This represents a dividend yield of 610.0%. The ex-dividend date was Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is currently 85.11%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Roth Capital set a $76.00 price target on shares of AngloGold Ashanti and gave the stock a "buy" rating in a report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. HSBC reiterated a "reduce" rating and set a $55.00 price target on shares of AngloGold Ashanti in a report on Thursday, October 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of AngloGold Ashanti in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell 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 $58.00.

AngloGold Ashanti Company 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.

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