TD Asset Management Inc cut its position in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,218 shares of the mining company’s stock after selling 22,965 shares during the quarter. TD Asset Management Inc’s holdings in AngloGold Ashanti were worth $12,043,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in shares of AngloGold Ashanti in the third quarter valued at $3,728,000. Legal & General Group Plc raised its stake in shares of AngloGold Ashanti by 5.9% in the third quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock valued at $361,310,000 after buying an additional 284,017 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of AngloGold Ashanti in the fourth quarter valued at $13,777,000. Kestra Private Wealth Services LLC bought a new stake in shares of AngloGold Ashanti in the fourth quarter valued at $1,139,000. Finally, Sprott Inc. raised its stake in shares of AngloGold Ashanti by 2.2% in the third quarter. Sprott Inc. now owns 770,670 shares of the mining company’s stock valued at $54,201,000 after buying an additional 16,828 shares during the period. 36.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
AU has been the topic of several research reports. Scotiabank lowered their target price on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, March 20th. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday. Roth Mkm restated a “buy” rating and set a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday, May 11th. Finally, Zacks Research downgraded AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.00.
AngloGold Ashanti Trading Up 0.4%
NYSE:AU opened at $84.45 on Tuesday. The company has a market cap of $42.64 billion, a P/E ratio of 12.38 and a beta of 0.60. The stock’s fifty day moving average price is $97.99 and its two-hundred day moving average price is $97.23. AngloGold Ashanti PLC has a 1 year low of $43.44 and a 1 year high of $129.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11.
AngloGold Ashanti (NYSE:AU – Get Free Report) last posted its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.25. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. As a group, analysts expect that AngloGold Ashanti PLC will post 9.26 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a dividend yield of 5.5%. AngloGold Ashanti’s payout ratio is currently 68.04%.
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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