Barings LLC lessened its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 15.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 727,628 shares of the mining company's stock after selling 133,836 shares during the period. AngloGold Ashanti comprises 0.7% of Barings LLC's investment portfolio, making the stock its 18th biggest holding. Barings LLC owned 0.17% of AngloGold Ashanti worth $27,188,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in AngloGold Ashanti in the 4th quarter valued at $406,000. Sei Investments Co. bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth $1,750,000. Norges Bank purchased a new stake in shares of AngloGold Ashanti in the fourth quarter valued at about $2,332,000. New Age Alpha Advisors LLC purchased a new stake in shares of AngloGold Ashanti in the fourth quarter valued at about $112,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of AngloGold Ashanti during the fourth quarter valued at about $32,000. Institutional investors own 36.09% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AU. Scotiabank upped their price objective on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a research report on Friday. Royal Bank Of Canada boosted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Finally, Wall Street Zen downgraded AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. One equities research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.08.
View Our Latest Analysis on AU
AngloGold Ashanti Trading Up 5.5%
Shares of AU stock opened at $48.79 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The firm has a market cap of $20.48 billion, a P/E ratio of 16.05 and a beta of 0.46. The company has a 50 day moving average of $47.22 and a 200-day moving average of $39.51. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $51.93.
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 for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. Sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 114.0%. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.
About AngloGold Ashanti
(
Free Report)
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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