AngloGold Ashanti PLC $AU Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its holdings in AngloGold Ashanti PLC (NYSE:AU) by 36.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,458 shares of the mining company’s stock after selling 6,550 shares during the quarter. Oxbow Advisors LLC’s holdings in AngloGold Ashanti were worth $977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AU. Empowered Funds LLC acquired a new position in AngloGold Ashanti during the first quarter worth $321,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 worth $47,000 after purchasing an additional 238 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in AngloGold Ashanti by 106.2% during 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. First Trust Advisors LP raised its holdings in AngloGold Ashanti by 88.4% during the second quarter. First Trust Advisors LP now owns 136,543 shares of the mining company’s stock worth $6,200,000 after purchasing an additional 64,066 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in AngloGold Ashanti during the second quarter worth $1,740,000. 36.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

AngloGold Ashanti Stock Performance

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

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a return on equity of 37.17% and a net margin of 31.11%. As a group, analysts predict that AngloGold Ashanti PLC will post 8.79 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed 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. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 133.33%.

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.