AngloGold Ashanti PLC $AU Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. cut its position in AngloGold Ashanti PLC (NYSE:AU) by 66.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,000 shares of the mining company’s stock after selling 102,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in AngloGold Ashanti were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in AngloGold Ashanti by 93.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,305,611 shares of the mining company’s stock worth $59,497,000 after buying an additional 632,003 shares in the last quarter. Strs Ohio acquired a new stake in shares of AngloGold Ashanti during the second quarter valued at about $23,668,000. Amalgamated Bank purchased a new stake in shares of AngloGold Ashanti during the second quarter worth about $1,270,000. Drive Wealth Management LLC purchased a new stake in shares of AngloGold Ashanti during the second quarter worth about $357,000. Finally, Lesa Sroufe & Co lifted its stake in shares of AngloGold Ashanti by 1.9% in the second quarter. Lesa Sroufe & Co now owns 127,815 shares of the mining company’s stock worth $5,825,000 after acquiring an additional 2,367 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Down 1.3%

NYSE:AU opened at $67.10 on Tuesday. The company has a market cap of $28.16 billion, a PE ratio of 17.85 and a beta of 0.53. The business’s 50 day moving average is $67.15 and its two-hundred day moving average is $54.18. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a 52 week low of $22.45 and a 52 week high of $79.94.

AngloGold Ashanti (NYSE:AU) last posted 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 firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.29 billion. On average, analysts predict that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AU shares. Roth Capital set a $76.00 price objective on AngloGold Ashanti and gave the company a “buy” rating in a research note on Friday, October 3rd. HSBC reiterated a “reduce” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price target 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. Scotiabank raised shares of AngloGold Ashanti from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $55.00 to $90.00 in a report on Thursday, October 23rd. Finally, Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.17.

About AngloGold Ashanti

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.