AngloGold Ashanti PLC (NYSE:AU) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its holdings in AngloGold Ashanti PLC by 27.8% during the first quarter, currently owning approximately 1,478,579 shares valued at around $54.9 million.
• AngloGold Ashanti recently increased its semi-annual dividend from $0.69 to $0.80, representing a dividend yield of 610.0%.
• The mining company's stock reported earnings per share (EPS) of $1.25 for the last quarter, missing estimates of $1.31, but with revenue surpassing expectations at $2.45 billion.

Deutsche Bank AG decreased its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 27.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,478,579 shares of the mining company's stock after selling 568,091 shares during the period. Deutsche Bank AG owned about 0.35% of AngloGold Ashanti worth $54,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AU. Global Trust Asset Management LLC acquired a new stake in shares of AngloGold Ashanti in the 1st quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of AngloGold Ashanti during the 1st quarter worth about $30,000. Hara Capital LLC acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth about $29,000. IFP Advisors Inc increased its position in shares of AngloGold Ashanti by 769.5% during the 1st quarter. IFP Advisors Inc now owns 2,939 shares of the mining company's stock worth $109,000 after purchasing an additional 2,601 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of AngloGold Ashanti by 185.3% during the 1st quarter. Blue Trust Inc. now owns 4,177 shares of the mining company's stock worth $155,000 after purchasing an additional 2,713 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Stock Performance

Shares of AU opened at $56.81 on Tuesday. The stock has a 50-day simple moving average of $48.69 and a 200-day simple moving average of $40.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. The stock has a market capitalization of $23.84 billion, a PE ratio of 15.11 and a beta of 0.46. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $59.19.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. On average, analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be paid a $0.80 dividend. This represents a dividend yield of 610.0%. The ex-dividend date is Friday, August 22nd. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is 13.30%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AU. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. HSBC reissued a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Scotiabank reaffirmed a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday. Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, AngloGold Ashanti currently has an average rating of "Hold" and an average target price of $49.60.

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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