AngloGold Ashanti PLC $AU Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,483 shares of the mining company’s stock after selling 18,452 shares during the period. Martingale Asset Management L P owned 0.06% of AngloGold Ashanti worth $27,672,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AU. Zions Bancorporation National Association UT acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth about $31,000. Ancora Advisors LLC acquired a new stake in shares of AngloGold Ashanti during the 3rd quarter worth about $35,000. Global Retirement Partners LLC boosted its stake in shares of AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of AngloGold Ashanti by 33.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after purchasing an additional 150 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Scotiabank decreased their price target on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, March 20th. Citigroup raised their price target on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $114.00.

AngloGold Ashanti Price Performance

AU opened at $86.26 on Friday. The company’s 50 day simple moving average is $97.02 and its 200 day simple moving average is $97.19. 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 $43.44 and a 1 year high of $129.14. The stock has a market capitalization of $43.55 billion, a PE ratio of 12.65 and a beta of 0.60.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) 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 36.41%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.26 billion. As a group, sell-side analysts expect that AngloGold Ashanti PLC will post 9.26 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is 68.04%.

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.