AngloGold Ashanti PLC $AU Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,732 shares of the mining company’s stock after selling 31,233 shares during the quarter. Intech Investment Management LLC’s holdings in AngloGold Ashanti were worth $3,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AU. Caprock Group LLC acquired a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $3,728,000. Legal & General Group Plc increased its stake in shares of AngloGold Ashanti by 5.9% in the third quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock valued at $361,310,000 after purchasing an additional 284,017 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at approximately $13,777,000. Kestra Private Wealth Services LLC acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at approximately $1,139,000. Finally, Sprott Inc. increased its stake in shares of AngloGold Ashanti by 2.2% in the third quarter. Sprott Inc. now owns 770,670 shares of the mining company’s stock valued at $54,201,000 after purchasing an additional 16,828 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Down 5.1%

Shares of NYSE:AU opened at $91.88 on Tuesday. The stock has a market capitalization of $46.39 billion, a price-to-earnings ratio of 13.47 and a beta of 0.60. AngloGold Ashanti PLC has a 1-year low of $43.44 and a 1-year high of $129.14. 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 50 day moving average price of $97.71 and a 200 day moving average price of $96.95.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 37.17%. On average, research analysts anticipate that AngloGold Ashanti PLC will post 9.26 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 5.0%. AngloGold Ashanti’s payout ratio is currently 68.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AU shares. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Scotiabank dropped 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. Roth Mkm restated a “buy” rating and issued a $121.00 price target on shares of AngloGold Ashanti in a research note on Monday, May 11th. Finally, Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

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.