DJE Kapital AG Acquires 7,200 Shares of AngloGold Ashanti PLC $AU

DJE Kapital AG grew its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 11.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 72,700 shares of the mining company’s stock after purchasing an additional 7,200 shares during the quarter. DJE Kapital AG’s holdings in AngloGold Ashanti were worth $6,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC bought a new position in shares of AngloGold Ashanti during the 3rd quarter worth approximately $3,728,000. Legal & General Group Plc raised its position in shares of AngloGold Ashanti by 5.9% during the third quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock worth $361,310,000 after purchasing an additional 284,017 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth approximately $13,777,000. Kestra Private Wealth Services LLC acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth approximately $1,139,000. Finally, Sprott Inc. raised its position in shares of AngloGold Ashanti by 2.2% during the third quarter. Sprott Inc. now owns 770,670 shares of the mining company’s stock worth $54,201,000 after purchasing an additional 16,828 shares during the period. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Trading Up 6.3%

Shares of AngloGold Ashanti stock opened at $83.38 on Friday. AngloGold Ashanti PLC has a 1 year low of $43.44 and a 1 year high of $129.14. The firm has a market cap of $42.10 billion, a PE ratio of 12.23 and a beta of 0.60. The stock has a fifty day moving average price of $97.37 and a 200-day moving average price of $97.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.26 billion. Equities research analysts anticipate that AngloGold Ashanti PLC will post 9.26 EPS for the current year.

AngloGold Ashanti Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s dividend payout ratio is currently 68.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AU. Scotiabank lowered 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. Citigroup upped their target price on AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Roth Mkm reaffirmed a “buy” rating and set a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday, May 11th. Finally, Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $114.00.

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.