AngloGold Ashanti PLC (NYSE:AU) is Carrhae Capital LLP's 8th Largest Position

Carrhae Capital LLP trimmed its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 61.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,340,959 shares of the mining company's stock after selling 2,118,234 shares during the period. AngloGold Ashanti comprises approximately 3.6% of Carrhae Capital LLP's holdings, making the stock its 8th largest holding. Carrhae Capital LLP owned about 0.32% of AngloGold Ashanti worth $49,776,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of AngloGold Ashanti by 22.9% during the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after acquiring an additional 3,882,283 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AngloGold Ashanti by 274.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after acquiring an additional 3,764,165 shares in the last quarter. Marshall Wace LLP raised its position in shares of AngloGold Ashanti by 3,767.1% during the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after acquiring an additional 2,680,261 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of AngloGold Ashanti by 68.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,569,868 shares of the mining company's stock valued at $59,313,000 after acquiring an additional 1,045,335 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in shares of AngloGold Ashanti by 19.8% during the 1st quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company's stock valued at $86,774,000 after acquiring an additional 386,078 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of NYSE:AU traded up $0.53 on Friday, hitting $47.58. The company's stock had a trading volume of 2,362,218 shares, compared to its average volume of 2,889,284. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $51.11. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 15.65 and a beta of 0.48. The stock's 50-day moving average is $45.60 and its two-hundred day moving average is $37.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. On average, equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.125 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AU shares. Wall Street Zen lowered AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank upped their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Roth Capital upped their price objective on AngloGold Ashanti from $52.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus target price of $45.08.

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.