Oaktree Fund Advisors LLC Cuts Stake in AngloGold Ashanti PLC $AU

Oaktree Fund Advisors LLC trimmed its holdings in AngloGold Ashanti PLC (NYSE:AU) by 21.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 256,810 shares of the mining company’s stock after selling 71,864 shares during the quarter. AngloGold Ashanti makes up about 20.3% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 2nd biggest position. Oaktree Fund Advisors LLC owned 0.06% of AngloGold Ashanti worth $11,703,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amundi grew its position in AngloGold Ashanti by 4.6% in the 2nd quarter. Amundi now owns 3,197,861 shares of the mining company’s stock valued at $149,212,000 after acquiring an additional 140,410 shares during the last quarter. Great Diamond Partners LLC purchased a new stake in shares of AngloGold Ashanti during the second quarter valued at $791,000. First Trust Advisors LP boosted its stake in shares of AngloGold Ashanti by 88.4% during the second quarter. First Trust Advisors LP now owns 136,543 shares of the mining company’s stock valued at $6,200,000 after purchasing an additional 64,066 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of AngloGold Ashanti by 106.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the mining company’s stock worth $153,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Invesco Ltd. increased its stake in AngloGold Ashanti by 52.7% in the 2nd quarter. Invesco Ltd. now owns 3,063,783 shares of the mining company’s stock worth $139,617,000 after buying an additional 1,057,372 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AU. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings raised shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. HSBC reissued a “reduce” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.83.

AngloGold Ashanti Price Performance

Shares of AU opened at $83.37 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a 50 day moving average price of $75.06 and a 200-day moving average price of $60.09. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $89.19. The stock has a market capitalization of $34.99 billion, a PE ratio of 18.36 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Tuesday, November 11th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.02). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.50%. Equities analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, November 28th. AngloGold Ashanti’s dividend payout ratio is 80.18%.

About AngloGold Ashanti

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.