Barings LLC Has $47.02 Million Stake in AngloGold Ashanti PLC $AU

Barings LLC cut its holdings in shares of AngloGold Ashanti PLC (NYSE:AUFree Report) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668,860 shares of the mining company’s stock after selling 6,942 shares during the quarter. AngloGold Ashanti comprises 0.9% of Barings LLC’s portfolio, making the stock its 16th biggest holding. Barings LLC’s holdings in AngloGold Ashanti were worth $47,016,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new position in AngloGold Ashanti during the third quarter worth $25,000. UMB Bank n.a. lifted its stake in shares of AngloGold Ashanti by 129.0% during the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after buying an additional 276 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of AngloGold Ashanti during the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. grew its stake in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after buying an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in AngloGold Ashanti in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 6.3%

AU stock opened at $114.38 on Friday. AngloGold Ashanti PLC has a 52 week low of $28.44 and a 52 week high of $115.81. The business has a 50-day simple moving average of $97.79 and a 200 day simple moving average of $79.20. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The company has a market cap of $57.75 billion, a PE ratio of 25.19 and a beta of 0.59.

AngloGold Ashanti (NYSE:AUGet Free Report) last announced its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.90. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.99 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. Sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.173 per share. This represents a $0.69 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, March 13th. AngloGold Ashanti’s payout ratio is currently 80.18%.

Analyst Ratings Changes

Several equities analysts have recently commented on AU shares. Zacks Research raised AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup boosted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Roth Mkm reissued a “buy” rating and issued a $122.00 target price on shares of AngloGold Ashanti in a research report on Friday. Finally, Scotiabank raised their price target on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.00.

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About AngloGold Ashanti

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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