AngloGold Ashanti PLC $AU Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC trimmed its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,917 shares of the mining company’s stock after selling 1,820 shares during the quarter. Oxbow Advisors LLC’s holdings in AngloGold Ashanti were worth $953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in AngloGold Ashanti by 0.7% during the first quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company’s stock worth $787,791,000 after buying an additional 145,125 shares during the period. Russell Investments Group Ltd. grew its position in AngloGold Ashanti by 2.4% during the first quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company’s stock worth $150,054,000 after buying an additional 95,668 shares during the period. Ninety One UK Ltd grew its position in AngloGold Ashanti by 19.8% during the first quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company’s stock worth $86,774,000 after buying an additional 386,078 shares during the period. Invesco Ltd. grew its position in AngloGold Ashanti by 0.4% during the first quarter. Invesco Ltd. now owns 2,006,411 shares of the mining company’s stock worth $74,478,000 after buying an additional 8,486 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AngloGold Ashanti by 25.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,963,318 shares of the mining company’s stock worth $72,878,000 after buying an additional 398,684 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 4.4%

Shares of NYSE AU opened at $78.52 on Friday. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $79.94. The company has a market capitalization of $32.96 billion, a PE ratio of 20.88 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. The firm’s 50-day moving average is $63.90 and its two-hundred day moving average is $51.36.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Equities analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.80 dividend. This represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend was Friday, August 22nd. AngloGold Ashanti’s payout ratio is currently 85.11%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AU shares. JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. HSBC restated a “reduce” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Scotiabank restated a “sector perform” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research report on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of AngloGold Ashanti in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $58.00.

AngloGold Ashanti Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.