Raiffeisen Bank International AG decreased its stake in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 64.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,720 shares of the mining company’s stock after selling 4,990 shares during the period. Raiffeisen Bank International AG’s holdings in AngloGold Ashanti were worth $220,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in AngloGold Ashanti during the first quarter worth about $26,000. Zions Bancorporation National Association UT purchased a new position in AngloGold Ashanti during the fourth quarter worth about $31,000. Ancora Advisors LLC bought a new position in shares of AngloGold Ashanti in the second quarter worth approximately $30,000. Garton & Associates Financial Advisors LLC bought a new position in shares of AngloGold Ashanti in the 4th quarter worth $34,000. Finally, Mcguire Capital Advisors Inc. bought a new position in AngloGold Ashanti in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on AU. Weiss Ratings downgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada dropped their price objective on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Citigroup dropped their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and an average target price of $110.50.
AngloGold Ashanti Stock Performance
Shares of AU stock opened at $108.95 on Monday. The firm has a market capitalization of $55.01 billion, a PE ratio of 14.60 and a beta of 0.74. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $92.21 and a 200-day moving average price of $96.22. AngloGold Ashanti PLC has a 52 week low of $58.83 and a 52 week high of $129.14.
AngloGold Ashanti (NYSE:AU – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 8.14 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti’s dividend payout ratio is currently 6.70%.
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.
Further Reading
- Five stocks we like better than AngloGold Ashanti
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.
