Sumitomo Mitsui Trust Group Inc. Has $60.36 Million Stake in AngloGold Ashanti PLC $AU

Sumitomo Mitsui Trust Group Inc. increased its stake in AngloGold Ashanti PLC (NYSE:AU) by 3,273.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 858,295 shares of the mining company’s stock after purchasing an additional 832,856 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AngloGold Ashanti were worth $60,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AU. State Street Corp grew its holdings in shares of AngloGold Ashanti by 1,175.7% during the second quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock worth $226,354,000 after buying an additional 4,577,807 shares in the last quarter. Acadian Asset Management LLC raised its stake in AngloGold Ashanti by 1,767.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,788,123 shares of the mining company’s stock valued at $127,027,000 after acquiring an additional 2,638,823 shares during the period. Geode Capital Management LLC grew its stake in AngloGold Ashanti by 274.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,137,721 shares of the mining company’s stock valued at $142,986,000 after buying an additional 2,300,204 shares during the last quarter. Norges Bank acquired a new position in shares of AngloGold Ashanti in the second quarter valued at about $74,039,000. Finally, Vanguard Group Inc. grew its position in AngloGold Ashanti by 6.1% during the second quarter. Vanguard Group Inc. now owns 22,284,407 shares of the mining company’s stock worth $1,017,746,000 after buying an additional 1,281,958 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AU has been the subject of several recent research reports. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Roth Capital upped their target price on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, December 15th. HSBC reiterated a “reduce” rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Scotiabank lifted their price objective on AngloGold Ashanti from $90.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AngloGold Ashanti has an average rating of “Moderate Buy” and a consensus price target of $86.00.

AngloGold Ashanti Price Performance

AU stock opened at $99.46 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. AngloGold Ashanti PLC has a one year low of $26.42 and a one year high of $100.31. The company’s fifty day moving average price is $84.98 and its 200-day moving average price is $68.68. The company has a market capitalization of $40.99 billion, a PE ratio of 21.91 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Wednesday, November 12th. The mining company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.53 billion. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%. On average, equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s payout ratio is 80.18%.

AngloGold Ashanti 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.