AngloGold Ashanti PLC $AU Stock Holdings Lessened by CX Institutional

Key Points

• CX Institutional cut its AngloGold Ashanti stake by 99% in the third quarter, selling 42,383 shares and retaining just 434 shares valued at approximately $41,000.
• Other major institutions increased their positions, while hedge funds and institutional investors collectively owned 36.09% of the company. Analysts maintained a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $113.14.
• AngloGold Ashanti reduced its quarterly dividend to $0.72 per share from $1.16, resulting in an annualized dividend of $2.88 and a 3.2% yield; its latest earnings and revenue also came in slightly below analyst expectations.

CX Institutional lowered its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 99.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 434 shares of the mining company's stock after selling 42,383 shares during the quarter. CX Institutional's holdings in AngloGold Ashanti were worth $41,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of AngloGold Ashanti by 1.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company's stock valued at $620,874,000 after purchasing an additional 98,250 shares during the period. Deutsche Bank AG raised its stake in AngloGold Ashanti by 3.9% in the 4th quarter. Deutsche Bank AG now owns 5,121,189 shares of the mining company's stock valued at $436,735,000 after purchasing an additional 191,859 shares during the last quarter. Franklin Resources Inc. raised its position in shares of AngloGold Ashanti by 8.9% in the fourth quarter. Franklin Resources Inc. now owns 2,012,801 shares of the mining company's stock valued at $171,971,000 after buying an additional 163,680 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of AngloGold Ashanti by 8.7% in the second quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company's stock worth $156,214,000 after buying an additional 154,726 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of AngloGold Ashanti by 113.9% in the fourth quarter. Man Group plc now owns 1,363,527 shares of the mining company's stock worth $116,282,000 after buying an additional 726,182 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of AngloGold Ashanti from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 25th. Royal Bank Of Canada upped their price objective on shares of AngloGold Ashanti from $111.00 to $119.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Zacks Research upgraded shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research report on Friday, September 11th. Roth Capital reduced their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. Finally, Citigroup reduced their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $113.14.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $90.05 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07. The stock has a market capitalization of $45.46 billion, a price-to-earnings ratio of 12.07 and a beta of 0.73. The business has a 50-day moving average of $101.15 and a 200 day moving average of $94.57. AngloGold Ashanti PLC has a 12 month low of $62.55 and a 12 month high of $129.14.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.05). The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.20 billion. AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%. As a group, sell-side analysts forecast that AngloGold Ashanti PLC will post 8.16 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.72 per share. This is a drop from AngloGold Ashanti's previous quarterly dividend of $1.16. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti's dividend payout ratio is presently 6.70%.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc NYSE: AU is a global gold mining company engaged in the exploration, development, and production of gold. Its activities include operating mines, processing ore into doré and bullion, and developing mineral resources and reserves. The company also conducts exploration and evaluation activities in areas with potential for additional gold discoveries.

The company has mining operations and projects across several regions, including Africa, Australia, the Americas, and other international markets.

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