AngloGold Ashanti PLC $AU Shares Sold by Strs Ohio

Strs Ohio trimmed its position in AngloGold Ashanti PLC (NYSE:AU) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 465,241 shares of the mining company’s stock after selling 24,503 shares during the quarter. Strs Ohio’s holdings in AngloGold Ashanti were worth $39,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AU. PDS Planning Inc increased its holdings in AngloGold Ashanti by 3.0% in the 4th quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock worth $362,000 after buying an additional 124 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in AngloGold Ashanti by 4.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock valued at $305,000 after acquiring an additional 142 shares during the period. California State Teachers Retirement System lifted its stake in AngloGold Ashanti by 0.5% during the 3rd quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock valued at $2,245,000 after acquiring an additional 147 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of AngloGold Ashanti by 33.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock valued at $42,000 after acquiring an additional 150 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 4.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock valued at $248,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Down 1.2%

Shares of AU stock opened at $92.57 on Friday. The company’s 50-day moving average price is $103.12 and its 200-day moving average price is $93.05. AngloGold Ashanti PLC has a twelve month low of $38.61 and a twelve month high of $129.14. The company has a current ratio of 2.87, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The stock has a market cap of $46.74 billion, a price-to-earnings ratio of 17.84 and a beta of 0.60.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, hitting the consensus estimate of $1.90. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%.The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.99 billion. As a group, equities analysts predict that AngloGold Ashanti PLC will post 8.79 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AU. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Citigroup upped their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday. Roth Mkm restated a “buy” rating and issued a $122.00 target price on shares of AngloGold Ashanti in a research note on Friday, February 20th. Finally, Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and a consensus target price of $112.20.

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.