AngloGold Ashanti PLC $AU Shares Sold by Causeway Capital Management LLC

Key Points

• Causeway Capital Management LLC has reduced its stake in AngloGold Ashanti PLC by 23.6%, selling 118,279 shares and now owning approximately 0.09% of the company valued at $14.3 million.
• AngloGold Ashanti recently announced a semi-annual dividend of $0.80, up from $0.69, which reflects a dividend yield of 610.0%.
• In its latest earnings report, AngloGold Ashanti reported an EPS of $1.25, missing the consensus estimate, while revenue exceeded expectations at $2.45 billion.

Causeway Capital Management LLC decreased its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 23.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 383,520 shares of the mining company's stock after selling 118,279 shares during the period. Causeway Capital Management LLC owned approximately 0.09% of AngloGold Ashanti worth $14,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AU. Hara Capital LLC acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in AngloGold Ashanti during the 1st quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in AngloGold Ashanti during the 1st quarter valued at $30,000. SVB Wealth LLC acquired a new stake in AngloGold Ashanti during the 1st quarter valued at $32,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 1st quarter valued at $77,000. Institutional investors and hedge funds own 36.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AU. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Finally, Scotiabank reissued a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AngloGold Ashanti has an average rating of "Moderate Buy" and a consensus price target of $49.60.

AngloGold Ashanti Trading Up 2.8%

AngloGold Ashanti stock traded up $1.56 during midday trading on Friday, reaching $56.76. The stock had a trading volume of 3,967,429 shares, compared to its average volume of 2,715,470. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $59.19. The stock has a market capitalization of $23.82 billion, a PE ratio of 15.10 and a beta of 0.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The stock's 50-day simple moving average is $50.77 and its 200 day simple moving average is $43.16.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The company had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. Analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a $0.80 dividend. This represents a yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Friday, August 22nd. AngloGold Ashanti's dividend payout ratio is 85.11%.

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.