AngloGold Ashanti PLC $AU Shares Acquired by Carrhae Capital LLP

Carrhae Capital LLP lifted its holdings in AngloGold Ashanti PLC (NYSE:AU) by 199.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 756,610 shares of the mining company’s stock after buying an additional 503,644 shares during the quarter. AngloGold Ashanti accounts for 1.6% of Carrhae Capital LLP’s portfolio, making the stock its 16th biggest holding. Carrhae Capital LLP’s holdings in AngloGold Ashanti were worth $61,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in AngloGold Ashanti in the first quarter worth $26,000. Ancora Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the 2nd quarter worth $30,000. Zions Bancorporation National Association UT acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth $31,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth $34,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of AngloGold Ashanti during the 4th quarter worth $36,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AU shares. 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 lowered their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Zacks Research cut shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Freedom Capital upgraded shares of AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Scotiabank decreased their price target on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

AngloGold Ashanti Price Performance

Shares of AU stock traded down $1.22 during mid-day trading on Tuesday, reaching $107.85. The stock had a trading volume of 1,819,869 shares, compared to its average volume of 2,971,037. AngloGold Ashanti PLC has a 12-month low of $61.31 and a 12-month high of $129.14. The company has a market cap of $54.45 billion, a P/E ratio of 14.46 and a beta of 0.74. The business has a 50-day simple moving average of $92.76 and a 200 day simple moving average of $96.24. The company has a current ratio of 2.71, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.20 billion. On average, sell-side analysts anticipate 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 given a dividend of $0.72 per share. The ex-dividend date was Friday, August 21st. This represents a $2.88 dividend on an annualized basis and a yield of 2.7%. AngloGold Ashanti’s payout ratio is presently 6.70%.

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.