AngloGold Ashanti PLC (NYSE:AU) Shares Sold by Carrhae Capital LLP

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

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AngloGold Ashanti by 22.9% in the fourth 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 holdings in AngloGold Ashanti by 274.8% in the fourth 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 holdings in AngloGold Ashanti by 3,767.1% in the fourth 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. Voloridge Investment Management LLC acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $24,741,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in AngloGold Ashanti by 68.6% in the fourth 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. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AU has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective 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 reissued a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Wall Street Zen cut shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Royal Bank Of Canada raised their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Roth Capital raised their target price on shares of AngloGold Ashanti from $52.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.08.

AngloGold Ashanti Price Performance

NYSE AU traded up $0.53 on Friday, hitting $47.58. 2,362,218 shares of the company were exchanged, compared to its average volume of 2,903,742. The firm has a 50 day moving average of $45.65 and a two-hundred day moving average of $37.90. The company has a market cap of $19.97 billion, a P/E ratio of 15.65 and a beta of 0.48. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $51.11.

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

AngloGold Ashanti Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's payout ratio is 16.45%.

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.