DJE Kapital AG Has $5.59 Million Holdings in AngloGold Ashanti PLC $AU

DJE Kapital AG trimmed its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 18.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 59,000 shares of the mining company’s stock after selling 13,700 shares during the quarter. DJE Kapital AG’s holdings in AngloGold Ashanti were worth $5,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of AngloGold Ashanti during the 1st quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new position in shares of AngloGold Ashanti during the 4th quarter valued at $31,000. Garton & Associates Financial Advisors LLC bought a new position in AngloGold Ashanti during the fourth quarter worth $34,000. Ancora Advisors LLC bought a new position in AngloGold Ashanti during the third quarter worth $35,000. Finally, Mcguire Capital Advisors Inc. bought a new position in AngloGold Ashanti during the fourth quarter worth $36,000. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Freedom Capital upgraded shares of AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Royal Bank Of Canada cut their price objective on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Scotiabank reduced their target price on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Zacks Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.50.

AngloGold Ashanti Trading Down 2.4%

AU opened at $74.89 on Tuesday. AngloGold Ashanti PLC has a fifty-two week low of $45.36 and a fifty-two week high of $129.14. The firm has a market capitalization of $37.81 billion, a PE ratio of 10.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. The company’s 50-day moving average is $87.15 and its 200 day moving average is $96.82.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. As a group, research analysts predict that AngloGold Ashanti PLC will post 8.79 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date 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.