Baader Bank Aktiengesellschaft Sells 7,000 Shares of AngloGold Ashanti PLC $AU

Baader Bank Aktiengesellschaft trimmed its stake in AngloGold Ashanti PLC (NYSE:AU) by 70.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the mining company’s stock after selling 7,000 shares during the period. Baader Bank Aktiengesellschaft’s holdings in AngloGold Ashanti were worth $256,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AU. Ninety One SA Pty Ltd bought a new position in shares of AngloGold Ashanti in the 4th quarter worth $1,380,472,000. State Street Corp increased its position in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after buying an additional 4,577,807 shares in the last quarter. Van ECK Associates Corp increased its position in AngloGold Ashanti by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 19,847,932 shares of the mining company’s stock valued at $1,395,905,000 after buying an additional 1,804,620 shares in the last quarter. Capital World Investors increased its position in AngloGold Ashanti by 125.8% during the 3rd quarter. Capital World Investors now owns 2,544,918 shares of the mining company’s stock valued at $178,984,000 after buying an additional 1,417,775 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in AngloGold Ashanti during the 3rd quarter valued at about $87,236,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Down 9.9%

AngloGold Ashanti stock opened at $91.99 on Friday. The business’s 50-day simple moving average is $99.35 and its two-hundred day simple moving average is $94.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.87. The company has a market cap of $46.45 billion, a PE ratio of 13.49 and a beta of 0.60. AngloGold Ashanti PLC has a fifty-two week low of $39.51 and a fifty-two week high of $129.14.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 37.17% and a net margin of 31.11%. Equities analysts anticipate that AngloGold Ashanti PLC will post 9.43 EPS for the current year.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be 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 5.0%. The ex-dividend date of this dividend is Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is currently 101.47%.

Wall Street Analysts Forecast Growth

AU has been the topic of several recent analyst reports. Scotiabank reduced their target price on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Roth Mkm reaffirmed a “buy” rating and set a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday. Finally, Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of “Hold” and a consensus target price of $112.00.

About AngloGold Ashanti

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.