AngloGold Ashanti plc (NYSE:AU) Shares Sold by Carrhae Capital LLP

Carrhae Capital LLP lessened its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,281,410 shares of the mining company's stock after selling 377,085 shares during the quarter. AngloGold Ashanti accounts for 3.9% of Carrhae Capital LLP's portfolio, making the stock its 12th largest position. Carrhae Capital LLP owned approximately 0.31% of AngloGold Ashanti worth $34,124,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AU. CWM LLC grew its stake in AngloGold Ashanti by 36.1% during the 1st quarter. CWM LLC now owns 1,890 shares of the mining company's stock valued at $42,000 after purchasing an additional 501 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of AngloGold Ashanti by 108.9% in the first quarter. GAMMA Investing LLC now owns 2,505 shares of the mining company's stock worth $56,000 after buying an additional 1,306 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of AngloGold Ashanti by 32.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,215 shares of the mining company's stock worth $79,000 after buying an additional 1,032 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 338.3% in the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company's stock worth $87,000 after buying an additional 2,679 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in shares of AngloGold Ashanti in the first quarter worth about $118,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

Wall Street Analyst Weigh In

AU has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, August 8th. Investec raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Scotiabank reaffirmed a "sector underperform" rating and issued a $30.00 price target (up previously from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.67.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock traded up $0.36 during mid-day trading on Monday, reaching $30.69. 2,700,771 shares of the stock traded hands, compared to its average volume of 1,990,021. AngloGold Ashanti plc has a fifty-two week low of $15.60 and a fifty-two week high of $32.57. The business has a 50-day moving average of $28.76 and a 200 day moving average of $26.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. As a group, analysts predict that AngloGold Ashanti plc will post 2.5 EPS for the current year.

AngloGold Ashanti Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.22 per share. This is a positive change from AngloGold Ashanti's previous Semi-Annual dividend of $0.19. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 30th.

AngloGold Ashanti Company Profile

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.