Mitsubishi UFJ Trust & Banking Corp Has $55,000 Position in AngloGold Ashanti PLC $AU

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 98.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 779 shares of the mining company’s stock after selling 57,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AngloGold Ashanti were worth $55,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in shares of AngloGold Ashanti during the third quarter worth about $25,000. Optimum Investment Advisors bought a new stake in AngloGold Ashanti during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of AngloGold Ashanti in the second quarter worth approximately $69,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of AngloGold Ashanti by 27.3% in the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock valued at $71,000 after purchasing an additional 216 shares in the last quarter. 36.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AU shares. Roth Mkm upped their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. HSBC reissued a “reduce” rating and set a $55.00 price target on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Scotiabank upped their price objective on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

AngloGold Ashanti Stock Performance

NYSE AU opened at $94.74 on Tuesday. The company has a market capitalization of $39.76 billion, a PE ratio of 20.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. AngloGold Ashanti PLC has a 52-week low of $28.44 and a 52-week high of $115.81. The company has a 50-day simple moving average of $91.45 and a 200 day simple moving average of $74.00.

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

AngloGold Ashanti Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 80.18%.

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.