Cubist Systematic Strategies LLC Has $6.49 Million Stake in AngloGold Ashanti PLC $AU

Key Points

• Cubist Systematic Strategies LLC has significantly reduced its stake in AngloGold Ashanti PLC by selling 248,692 shares, resulting in a 58.7% decrease, leaving them with 174,837 shares valued at approximately $6.49 million.
• Multiple institutional investors have also altered their positions in AngloGold Ashanti, indicating increased interest with a total institutional ownership of 36.09%.
• AngloGold Ashanti announced a dividend increase to $0.80 per share to be paid on September 5th, representing a yield of 610.0%, up from the previous semi-annual rate of $0.69.

Cubist Systematic Strategies LLC trimmed its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 58.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,837 shares of the mining company's stock after selling 248,692 shares during the period. Cubist Systematic Strategies LLC's holdings in AngloGold Ashanti were worth $6,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hara Capital LLC acquired a new stake in shares of AngloGold Ashanti during the fourth quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of AngloGold Ashanti during the 1st quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in AngloGold Ashanti during the first quarter worth $30,000. SVB Wealth LLC purchased a new position in AngloGold Ashanti in the 1st quarter valued at about $32,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 1st quarter worth approximately $77,000. Institutional investors and hedge funds own 36.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AU shares. Zacks Research lowered AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Scotiabank reissued a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti has an average rating of "Hold" and a consensus price target of $49.60.

AngloGold Ashanti Stock Up 4.6%

Shares of AU stock traded up $2.77 during trading hours on Monday, reaching $62.54. 3,346,137 shares of the company's stock were exchanged, compared to its average volume of 3,134,898. The stock's 50 day moving average is $51.98 and its 200-day moving average is $44.16. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $62.43. The company has a market cap of $26.25 billion, a price-to-earnings ratio of 16.61 and a beta of 0.53.

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

AngloGold Ashanti Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.80 per share. This represents a yield of 610.0%. The ex-dividend date of this dividend was Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is presently 85.11%.

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.