Carrhae Capital LLP trimmed its position in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 91.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,283 shares of the mining company’s stock after selling 1,005,768 shares during the quarter. Carrhae Capital LLP’s holdings in AngloGold Ashanti were worth $8,382,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AU. Global Retirement Partners LLC boosted its position in AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after buying an additional 386 shares during the period. Great Diamond Partners LLC grew its holdings in AngloGold Ashanti by 118.0% in the 4th quarter. Great Diamond Partners LLC now owns 40,170 shares of the mining company’s stock worth $3,426,000 after acquiring an additional 21,745 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of AngloGold Ashanti in the fourth quarter valued at about $1,198,000. IFP Advisors Inc increased its position in shares of AngloGold Ashanti by 4,107,533.3% in the fourth quarter. IFP Advisors Inc now owns 246,458 shares of the mining company’s stock valued at $21,018,000 after acquiring an additional 246,452 shares during the period. Finally, Covestor Ltd raised its stake in shares of AngloGold Ashanti by 67.6% during the fourth quarter. Covestor Ltd now owns 2,818 shares of the mining company’s stock valued at $240,000 after acquiring an additional 1,137 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.
AngloGold Ashanti Stock Performance
Shares of AU opened at $90.58 on Friday. The company has a 50-day simple moving average of $97.75 and a two-hundred day simple moving average of $95.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 2.20. The firm has a market capitalization of $45.73 billion, a PE ratio of 13.28 and a beta of 0.60. AngloGold Ashanti PLC has a one year low of $42.62 and a one year high of $129.14.
AngloGold Ashanti Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 5.1%. AngloGold Ashanti’s payout ratio is currently 101.47%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on AU. Scotiabank reduced their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $121.00 price objective on shares of AngloGold Ashanti in a research report on Monday, May 11th. Zacks Research cut AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.00.
Read Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Company Profile
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.
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