Oxbow Advisors LLC Lowers Stock Holdings in AngloGold Ashanti PLC $AU

Oxbow Advisors LLC lowered its holdings in AngloGold Ashanti PLC (NYSE:AU) by 36.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,458 shares of the mining company’s stock after selling 6,550 shares during the period. Oxbow Advisors LLC’s holdings in AngloGold Ashanti were worth $977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at $25,000. UMB Bank n.a. grew its position in AngloGold Ashanti by 129.0% during the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after acquiring an additional 276 shares during the period. Ancora Advisors LLC purchased a new stake in AngloGold Ashanti during the third quarter valued at about $35,000. CIBC Private Wealth Group LLC grew its position in AngloGold Ashanti by 33.4% during the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock valued at $42,000 after acquiring an additional 150 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $107.14 on Monday. AngloGold Ashanti PLC has a 1-year low of $38.61 and a 1-year high of $129.14. The business has a 50-day moving average of $101.71 and a 200-day moving average of $93.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 2.20. The company has a market capitalization of $54.09 billion, a price-to-earnings ratio of 15.71 and a beta of 0.60.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 37.17% and a net margin of 31.11%.The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. On average, equities analysts anticipate that AngloGold Ashanti PLC will post 8.79 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a dividend yield of 4.3%. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of research reports. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Zacks Research downgraded AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Citigroup boosted their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Roth Mkm reissued a “buy” rating and set a $122.00 price target on shares of AngloGold Ashanti in a research report on Friday, February 20th. Finally, Scotiabank lowered their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.20.

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.