Deutsche Bank AG Increases Stock Position in AngloGold Ashanti PLC $AU

Deutsche Bank AG lifted its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,121,189 shares of the mining company’s stock after buying an additional 191,859 shares during the quarter. Deutsche Bank AG’s holdings in AngloGold Ashanti were worth $436,735,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AU. Ninety One SA Pty Ltd purchased a new stake in shares of AngloGold Ashanti during the 4th quarter valued at approximately $1,380,472,000. Norges Bank purchased a new stake in AngloGold Ashanti in the 4th quarter worth approximately $426,477,000. State Street Corp lifted its stake in AngloGold Ashanti by 1,175.7% in the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock worth $226,354,000 after purchasing an additional 4,577,807 shares in the last quarter. Van ECK Associates Corp lifted its stake in AngloGold Ashanti by 10.0% in the 3rd quarter. Van ECK Associates Corp now owns 19,847,932 shares of the mining company’s stock worth $1,395,905,000 after purchasing an additional 1,804,620 shares in the last quarter. Finally, Capital World Investors lifted its stake in AngloGold Ashanti by 64.5% in the 4th quarter. Capital World Investors now owns 4,186,463 shares of the mining company’s stock worth $357,022,000 after purchasing an additional 1,641,545 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 research firms have issued reports on AU. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Scotiabank lowered their target price on shares of 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. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Citigroup increased their target price on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti presently has an average rating of “Hold” and an average price target of $114.00.

AngloGold Ashanti Stock Down 7.1%

AU opened at $78.44 on Thursday. The company has a market cap of $39.61 billion, a P/E ratio of 11.50 and a beta of 0.60. The business’s 50-day moving average price is $97.65 and its 200-day moving average price is $97.24. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. AngloGold Ashanti PLC has a 12 month low of $43.44 and a 12 month high of $129.14.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 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%. On average, equities analysts expect that AngloGold Ashanti PLC will post 9.26 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed 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. 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 5.9%. The ex-dividend date is Friday, May 29th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 68.04%.

AngloGold Ashanti 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.