AngloGold Ashanti PLC $AU Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. decreased its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,134 shares of the mining company’s stock after selling 5,273 shares during the period. SBI Securities Co. Ltd.’s holdings in AngloGold Ashanti were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Savant Capital LLC increased its stake in AngloGold Ashanti by 27.4% during the third quarter. Savant Capital LLC now owns 24,135 shares of the mining company’s stock worth $1,697,000 after purchasing an additional 5,189 shares during the period. Machina Capital S.A.S. acquired a new position in shares of AngloGold Ashanti in the third quarter valued at approximately $209,000. Envestnet Asset Management Inc. increased its stake in AngloGold Ashanti by 91.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,520 shares of the mining company’s stock worth $951,000 after buying an additional 6,457 shares during the period. Penserra Capital Management LLC acquired a new stake in AngloGold Ashanti during the 3rd quarter worth approximately $1,038,000. Finally, Principal Financial Group Inc. lifted its holdings in AngloGold Ashanti by 181.9% during the 3rd quarter. Principal Financial Group Inc. now owns 60,912 shares of the mining company’s stock worth $4,284,000 after buying an additional 39,302 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank boosted their price target on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Citigroup upped their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Stock Up 5.3%

Shares of NYSE AU opened at $103.85 on Monday. The business has a 50-day moving average of $92.58 and a two-hundred day moving average of $75.43. The company has a market capitalization of $43.59 billion, a price-to-earnings ratio of 22.87 and a beta of 0.59. AngloGold Ashanti PLC has a 1 year low of $28.44 and a 1 year high of $115.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.02). The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.53 billion. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%. On average, analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is 80.18%.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.