Carrhae Capital LLP Trims Stake in AngloGold Ashanti PLC $AU

Carrhae Capital LLP lowered its position in AngloGold Ashanti PLC (NYSE:AU) by 91.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Impact Partnership Wealth LLC purchased a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at about $1,408,000. Caprock Group LLC purchased a new position in shares of AngloGold Ashanti during the third quarter worth about $3,728,000. Legal & General Group Plc grew its holdings in shares of AngloGold Ashanti by 5.9% during the third quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock worth $361,310,000 after purchasing an additional 284,017 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of AngloGold Ashanti in the fourth quarter worth approximately $13,777,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of AngloGold Ashanti in the fourth quarter worth approximately $1,139,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $90.58 on Friday. The stock has a market cap of $45.73 billion, a PE ratio of 13.28 and a beta of 0.60. The company’s fifty day moving average is $97.75 and its 200 day moving average is $95.72. AngloGold Ashanti PLC has a 52 week low of $42.62 and a 52 week high of $129.14. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 37.17%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. Research analysts anticipate that AngloGold Ashanti PLC will post 9.26 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 5.1%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 101.47%.

Wall Street Analyst Weigh In

AU has been the subject of several research analyst reports. Roth Mkm reiterated a “buy” rating and set a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday, May 11th. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Scotiabank lowered their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

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.