AngloGold Ashanti PLC $AU Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 324,483 shares of the mining company’s stock after selling 18,452 shares during the quarter. Martingale Asset Management L P’s holdings in AngloGold Ashanti were worth $27,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of AngloGold Ashanti by 3.6% during the fourth quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock valued at $237,000 after purchasing an additional 96 shares during the period. PDS Planning Inc raised its stake in shares of AngloGold Ashanti by 3.0% during the fourth quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after purchasing an additional 124 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of AngloGold Ashanti by 4.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock valued at $305,000 after purchasing an additional 142 shares during the period. California State Teachers Retirement System raised its stake in shares of AngloGold Ashanti by 0.5% during the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock valued at $2,245,000 after purchasing an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of AngloGold Ashanti by 33.4% during the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock valued at $42,000 after purchasing an additional 150 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 3.7%

Shares of NYSE:AU opened at $86.26 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $97.02 and a 200 day simple moving average of $97.19. The firm has a market cap of $43.55 billion, a PE ratio of 12.65 and a beta of 0.60. AngloGold Ashanti PLC has a 12-month low of $43.44 and a 12-month high of $129.14.

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

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. AngloGold Ashanti’s payout ratio is presently 68.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Citigroup lifted their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Roth Mkm reiterated a “buy” rating and set a $121.00 price objective on shares of AngloGold Ashanti in a research note on Monday, May 11th. Finally, Zacks Research lowered shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Four 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. According to data from MarketBeat.com, AngloGold Ashanti presently has an average rating of “Hold” and a consensus price target of $114.00.

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.