Aubrey Capital Management Ltd Sells 17,367 Shares of AngloGold Ashanti plc (NYSE:AU)

Aubrey Capital Management Ltd reduced its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 34.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,020 shares of the mining company's stock after selling 17,367 shares during the quarter. Aubrey Capital Management Ltd's holdings in AngloGold Ashanti were worth $1,222,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. purchased a new stake in AngloGold Ashanti in the 4th quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after buying an additional 796 shares in the last quarter. Hara Capital LLC purchased a new stake in AngloGold Ashanti in the 4th quarter worth $29,000. Nomura Asset Management Co. Ltd. purchased a new stake in AngloGold Ashanti in the 4th quarter worth $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in AngloGold Ashanti in the 4th quarter worth $82,000. 36.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Roth Capital assumed coverage on AngloGold Ashanti in a research report on Thursday. They set a "buy" rating and a $52.00 price objective for the company. HSBC restated a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Scotiabank raised their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

AngloGold Ashanti Trading Up 4.3%

AU traded up $2.08 on Friday, hitting $50.90. The company had a trading volume of 5,218,481 shares, compared to its average volume of 2,667,193. The company has a market cap of $21.37 billion, a PE ratio of 16.74 and a beta of 0.49. AngloGold Ashanti plc has a 12-month low of $22.34 and a 12-month high of $51.11. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $42.84 and its 200 day simple moving average is $33.98.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.84 billion. Equities research analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.

AngloGold Ashanti Cuts Dividend

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