XTX Topco Ltd Reduces Position in AngloGold Ashanti PLC (NYSE:AU)

Key Points

• XTX Topco Ltd reduced its holdings in AngloGold Ashanti PLC by 73.5%, selling 33,896 shares to end with 12,224 shares valued at $454,000.
• AngloGold Ashanti announced a semi-annual dividend increase from $0.69 to $0.80 per share, representing a 610.0% yield.
• Despite a missed earnings estimate of $1.25 EPS against a consensus of $1.31, the company reported higher-than-expected revenue of $2.45 billion.

XTX Topco Ltd trimmed its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 73.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,224 shares of the mining company's stock after selling 33,896 shares during the quarter. XTX Topco Ltd's holdings in AngloGold Ashanti were worth $454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AU. Hara Capital LLC acquired a new position in AngloGold Ashanti in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of AngloGold Ashanti in the 1st quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of AngloGold Ashanti in the 1st quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in shares of AngloGold Ashanti by 769.5% in the 1st quarter. IFP Advisors Inc now owns 2,939 shares of the mining company's stock worth $109,000 after acquiring an additional 2,601 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $115,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 0.6%

AU traded up $0.33 during trading hours on Tuesday, hitting $57.13. 713,614 shares of the company's stock were exchanged, compared to its average volume of 3,146,985. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $59.19. The firm has a 50 day moving average of $48.69 and a 200 day moving average of $40.90. The firm has a market cap of $23.98 billion, a P/E ratio of 15.20 and a beta of 0.46. The company has a current ratio of 2.34, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 24.25%. The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.29 billion. Analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's payout ratio is currently 13.30%.

Wall Street Analyst Weigh In

AU has been the topic of several recent analyst reports. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday. Scotiabank restated a "sector perform" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, HSBC restated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, AngloGold Ashanti has an average rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti 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.