Profund Advisors LLC Sells 8,752 Shares of AngloGold Ashanti PLC $AU

Profund Advisors LLC lessened its position in AngloGold Ashanti PLC (NYSE:AU) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,553 shares of the mining company’s stock after selling 8,752 shares during the period. Profund Advisors LLC’s holdings in AngloGold Ashanti were worth $3,714,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. PDS Planning Inc increased its stake in AngloGold Ashanti by 3.0% in 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 in the last quarter. Linden Thomas Advisory Services LLC increased its stake in AngloGold Ashanti by 4.1% in 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 in the last quarter. California State Teachers Retirement System increased its stake in AngloGold Ashanti by 0.5% in 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 in the last quarter. CIBC Private Wealth Group LLC increased its stake in AngloGold Ashanti by 33.4% in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in AngloGold Ashanti by 4.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock valued at $248,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $121.00 target price on shares of AngloGold Ashanti in a research note on Monday, May 11th. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Scotiabank reduced their price target on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, March 20th. Zacks Research cut shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Citigroup upped their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Five investment 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.00.

AngloGold Ashanti Stock Down 4.5%

AngloGold Ashanti stock opened at $89.24 on Wednesday. The stock has a market capitalization of $45.06 billion, a PE ratio of 13.08 and a beta of 0.60. AngloGold Ashanti PLC has a twelve month low of $42.17 and a twelve month high of $129.14. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $98.72 and a 200-day moving average of $95.42.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.25. The company 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, equities research analysts anticipate that AngloGold Ashanti PLC will post 9.26 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 5.2%. AngloGold Ashanti’s dividend payout ratio is currently 101.47%.

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.