TD Waterhouse Canada Inc. Has $106,000 Position in AngloGold Ashanti PLC $AU

Key Points

• TD Waterhouse Canada sharply reduced its AngloGold Ashanti position by 98.2% in the second quarter, selling 70,475 shares and retaining 1,309 shares worth approximately $106,000.
• AngloGold Ashanti shares were trading at $104.51, up 0.6%, with the stock valued at a $52.76 billion market capitalization. Institutional investors and hedge funds own 36.09% of the company.
• The company’s latest quarterly results fell slightly short of expectations, reporting $1.98 in earnings per share and $3.10 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $111.14.

TD Waterhouse Canada Inc. lessened its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 98.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,309 shares of the mining company's stock after selling 70,475 shares during the period. TD Waterhouse Canada Inc.'s holdings in AngloGold Ashanti were worth $106,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in AngloGold Ashanti by 1.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company's stock valued at $620,874,000 after purchasing an additional 98,250 shares during the last quarter. State Street Corp increased its position in AngloGold Ashanti by 0.5% during the fourth quarter. State Street Corp now owns 5,731,937 shares of the mining company's stock worth $488,820,000 after buying an additional 26,421 shares during the last quarter. Deutsche Bank AG increased its position in AngloGold Ashanti by 3.9% during the fourth quarter. Deutsche Bank AG now owns 5,121,189 shares of the mining company's stock worth $436,735,000 after buying an additional 191,859 shares during the last quarter. Norges Bank bought a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $426,477,000. Finally, Geode Capital Management LLC raised its stake in AngloGold Ashanti by 29.8% in the fourth quarter. Geode Capital Management LLC now owns 4,684,560 shares of the mining company's stock valued at $419,256,000 after buying an additional 1,074,822 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Up 0.6%

Shares of AU stock opened at $104.51 on Friday. AngloGold Ashanti PLC has a 12-month low of $62.55 and a 12-month high of $129.14. The company has a market capitalization of $52.76 billion, a PE ratio of 14.01 and a beta of 0.74. The firm has a 50 day moving average price of $94.65 and a two-hundred day moving average price of $96.22. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. As a group, analysts predict that AngloGold Ashanti PLC will post 8.27 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $0.72 dividend. The ex-dividend date was Friday, August 21st. This represents a $2.88 annualized dividend and a yield of 2.8%. AngloGold Ashanti's payout ratio is 6.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AU shares. JPMorgan Chase & Co. cut their price objective on AngloGold Ashanti from $155.00 to $134.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Freedom Capital raised AngloGold Ashanti to a "strong-buy" rating in a report on Friday, June 26th. Zacks Research cut AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 15th. Scotiabank cut their price target on AngloGold Ashanti from $134.00 to $128.00 and set a "sector outperform" rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of AngloGold Ashanti from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $111.14.

AngloGold Ashanti Profile

AngloGold Ashanti plc is a global gold mining company that explores for, develops, and operates gold mines. Its primary product is gold, with silver and other minerals produced as byproducts at some operations. The company also manages mineral exploration, mine development, processing, and related reclamation activities.

AngloGold Ashanti operates across several regions, including Africa, Australia, and the Americas. Its portfolio has included mines and projects in Ghana, Guinea, Tanzania, Australia, Brazil, and Argentina, supported by exploration programs in other prospective mining jurisdictions.

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