Dynamic Technology Lab Private Ltd Reduces Holdings in AngloGold Ashanti PLC $AU

Dynamic Technology Lab Private Ltd trimmed its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 55.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,581 shares of the mining company’s stock after selling 15,770 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in AngloGold Ashanti were worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AU. Empowered Funds LLC bought a new stake in AngloGold Ashanti in the first quarter valued at approximately $321,000. Bank of New York Mellon Corp grew its holdings in shares of AngloGold Ashanti by 93.8% in the second quarter. Bank of New York Mellon Corp now owns 1,305,611 shares of the mining company’s stock worth $59,497,000 after purchasing an additional 632,003 shares during the last quarter. Savant Capital LLC increased its stake in shares of AngloGold Ashanti by 32.7% in the second quarter. Savant Capital LLC now owns 18,946 shares of the mining company’s stock worth $863,000 after buying an additional 4,664 shares during the period. Aviva PLC increased its stake in shares of AngloGold Ashanti by 47.9% in the second quarter. Aviva PLC now owns 537,845 shares of the mining company’s stock worth $24,311,000 after buying an additional 174,169 shares during the period. Finally, Rathbones Group PLC bought a new stake in AngloGold Ashanti during the 2nd quarter valued at $911,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Trading Up 2.2%

AU opened at $108.89 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. AngloGold Ashanti PLC has a 52 week low of $30.19 and a 52 week high of $129.14. The stock has a market cap of $54.98 billion, a PE ratio of 20.98 and a beta of 0.55. The business has a 50 day moving average of $104.67 and a 200-day moving average of $84.40.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, hitting the consensus estimate of $1.90. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $2.99 billion. AngloGold Ashanti had a return on equity of 29.70% and a net margin of 26.65%. Equities research analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.173 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.6%. AngloGold Ashanti’s dividend payout ratio is currently 70.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AU shares. Scotiabank reissued an “outperform” rating on shares of AngloGold Ashanti in a research report on Wednesday, February 25th. Roth Mkm reaffirmed a “buy” rating and set a $122.00 price objective on shares of AngloGold Ashanti in a research note on Friday, February 20th. Zacks Research lowered shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.50.

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.