DJE Kapital AG Has $6.28 Million Stake in AngloGold Ashanti PLC $AU

DJE Kapital AG grew its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,700 shares of the mining company’s stock after acquiring an additional 7,200 shares during the quarter. DJE Kapital AG’s holdings in AngloGold Ashanti were worth $6,281,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AngloGold Ashanti by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 23,001,047 shares of the mining company’s stock worth $1,979,174,000 after acquiring an additional 252,307 shares in the last quarter. Van ECK Associates Corp grew its position in AngloGold Ashanti by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 19,847,932 shares of the mining company’s stock worth $1,395,905,000 after acquiring an additional 1,804,620 shares during the last quarter. Ninety One SA Pty Ltd bought a new stake in AngloGold Ashanti during the 4th quarter worth $1,380,472,000. State Street Corp grew its position in AngloGold Ashanti by 14.9% during the 3rd quarter. State Street Corp now owns 5,705,516 shares of the mining company’s stock worth $401,269,000 after acquiring an additional 738,343 shares during the last quarter. Finally, Legal & General Group Plc grew its position in AngloGold Ashanti by 5.9% during the 3rd quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock worth $361,310,000 after acquiring an additional 284,017 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AU shares. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Zacks Research lowered shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Citigroup raised their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank dropped their price objective 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. Finally, Roth Mkm reiterated a “buy” rating and issued a $121.00 price objective on shares of AngloGold Ashanti in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.00.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $83.38 on Friday. The company has a market capitalization of $42.10 billion, a PE ratio of 12.23 and a beta of 0.60. The company has a 50 day simple moving average of $97.37 and a two-hundred day simple moving average of $97.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. AngloGold Ashanti PLC has a fifty-two week low of $43.44 and a fifty-two week high of $129.14.

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

AngloGold Ashanti Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 68.04%.

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.