AngloGold Ashanti PLC $AU Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd trimmed its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 69.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the mining company’s stock after selling 11,411 shares during the period. Aubrey Capital Management Ltd’s holdings in AngloGold Ashanti were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in AngloGold Ashanti by 10.3% in the first quarter. Sanctuary Advisors LLC now owns 7,896 shares of the mining company’s stock valued at $769,000 after purchasing an additional 738 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of AngloGold Ashanti in the first quarter worth about $1,013,000. Principal Financial Group Inc. boosted its position in shares of AngloGold Ashanti by 9.1% in the first quarter. Principal Financial Group Inc. now owns 63,149 shares of the mining company’s stock worth $6,148,000 after buying an additional 5,277 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at about $397,000. Finally, U S Global Investors Inc. grew its stake in shares of AngloGold Ashanti by 44.9% in the first quarter. U S Global Investors Inc. now owns 130,445 shares of the mining company’s stock valued at $12,700,000 after buying an additional 40,445 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $80.29 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. AngloGold Ashanti PLC has a 1 year low of $45.36 and a 1 year high of $129.14. The firm’s 50-day simple moving average is $89.30 and its 200-day simple moving average is $97.13. The firm has a market cap of $40.54 billion, a PE ratio of 11.77 and a beta of 0.65.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The business had revenue of $3.24 billion during 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%. Equities analysts forecast that AngloGold Ashanti PLC will post 8.91 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is 68.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AU shares. Royal Bank Of Canada dropped their target price on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank lowered their price objective on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Citigroup increased their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.83.

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.