AngloGold Ashanti plc (NYSE:AU) Stake Trimmed by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC trimmed its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 344,774 shares of the mining company's stock after selling 46,000 shares during the period. AngloGold Ashanti accounts for 13.4% of Oaktree Fund Advisors LLC's portfolio, making the stock its 2nd biggest position. Oaktree Fund Advisors LLC owned approximately 0.08% of AngloGold Ashanti worth $7,957,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. Vanguard Group Inc. raised its position in AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after acquiring an additional 3,882,283 shares during the period. FMR LLC increased its position in AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after buying an additional 2,957,304 shares in the last quarter. Carrhae Capital LLP raised its stake in shares of AngloGold Ashanti by 170.0% in the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after buying an additional 2,177,783 shares during the period. Finally, TT International Asset Management LTD lifted its holdings in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after purchasing an additional 962,141 shares in the last quarter. Institutional investors own 36.09% of the company's stock.

Remove Ads

AngloGold Ashanti Price Performance

AngloGold Ashanti stock traded down $0.39 during mid-day trading on Thursday, reaching $37.21. 1,610,630 shares of the company's stock traded hands, compared to its average volume of 2,396,922. AngloGold Ashanti plc has a 12-month low of $21.65 and a 12-month high of $38.63. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $32.28 and a two-hundred day moving average of $28.36. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 11.63 and a beta of 0.92.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.10). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Equities analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.69 dividend. The ex-dividend date was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, February 20th. Finally, Scotiabank boosted their price target on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.00.

AngloGold Ashanti 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.