AngloGold Ashanti PLC $AU Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 41.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,997 shares of the mining company’s stock after selling 6,461 shares during the period. NewEdge Advisors LLC’s holdings in AngloGold Ashanti were worth $876,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AU. Ascentis Independent Advisors purchased a new stake in AngloGold Ashanti in the 1st quarter valued at approximately $26,000. Zions Bancorporation National Association UT purchased a new position in AngloGold Ashanti during the fourth quarter worth $31,000. Garton & Associates Financial Advisors LLC purchased a new position in AngloGold Ashanti during the fourth quarter worth $34,000. Ancora Advisors LLC acquired a new position in shares of AngloGold Ashanti in the third quarter worth $35,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of AngloGold Ashanti in the fourth quarter valued at $36,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AU. Weiss Ratings lowered AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Scotiabank decreased their price target on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Roth Capital cut their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.50.

AngloGold Ashanti Stock Performance

AngloGold Ashanti stock opened at $98.00 on Wednesday. The firm has a market capitalization of $49.48 billion, a P/E ratio of 13.14 and a beta of 0.66. The stock has a fifty day moving average price of $84.77 and a 200 day moving average price of $95.26. AngloGold Ashanti PLC has a 52 week low of $52.05 and a 52 week high of $129.14. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a return on equity of 39.54% and a net margin of 32.19%. Equities research analysts anticipate that AngloGold Ashanti PLC will post 8.19 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 21st. AngloGold Ashanti’s dividend payout ratio is presently 62.20%.

About AngloGold Ashanti

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.