59,152 AngloGold Ashanti PLC $AU Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 95.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,655 shares of the mining company’s stock after selling 59,152 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in AngloGold Ashanti were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ninety One SA Pty Ltd grew its holdings in AngloGold Ashanti by 1.8% in the 3rd quarter. Ninety One SA Pty Ltd now owns 11,398,551 shares of the mining company’s stock worth $1,069,147,000 after acquiring an additional 203,418 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of AngloGold Ashanti by 1.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company’s stock valued at $620,874,000 after acquiring an additional 98,250 shares during the period. Wellington Management Group LLP raised its stake in shares of AngloGold Ashanti by 8.7% during the second quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company’s stock valued at $156,214,000 after acquiring an additional 154,726 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of AngloGold Ashanti during the second quarter valued at about $100,848,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of AngloGold Ashanti by 2.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 860,537 shares of the mining company’s stock valued at $83,782,000 after acquiring an additional 23,482 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock opened at $86.78 on Wednesday. AngloGold Ashanti PLC has a 12-month low of $63.29 and a 12-month high of $129.14. The company’s fifty day simple moving average is $100.48 and its two-hundred day simple moving average is $97.00.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.20 billion. On average, equities analysts expect that AngloGold Ashanti PLC will post 8.18 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a dividend of $0.72 per share. This is a decrease from AngloGold Ashanti’s previous quarterly dividend of $1.16. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, August 21st.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AU. RBC Dominion Securities set a $110.00 target price on AngloGold Ashanti and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Weiss Ratings raised AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 12th. BMO Capital Markets cut AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price objective for the company. in a report on Thursday, September 10th. The Goldman Sachs Group started coverage on AngloGold Ashanti in a report on Thursday, October 15th. They issued a “buy” rating and a $104.00 price objective for the company. Finally, Zacks Research upgraded AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Friday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Buy” and an average price target of $118.06.

About AngloGold Ashanti

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.