Voya Investment Management LLC Has $5.70 Million Stake in AngloGold Ashanti PLC $AU

Voya Investment Management LLC trimmed its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 29.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,076 shares of the mining company’s stock after selling 34,278 shares during the period. Voya Investment Management LLC’s holdings in AngloGold Ashanti were worth $5,702,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after buying an additional 238 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in AngloGold Ashanti by 0.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 91,793 shares of the mining company’s stock valued at $4,183,000 after purchasing an additional 285 shares during the period. Tidal Investments LLC grew its position in AngloGold Ashanti by 2.1% in the 2nd quarter. Tidal Investments LLC now owns 14,878 shares of the mining company’s stock worth $678,000 after purchasing an additional 311 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of AngloGold Ashanti by 2.1% during the 2nd quarter. Corient Private Wealth LLC now owns 16,747 shares of the mining company’s stock worth $763,000 after purchasing an additional 342 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in AngloGold Ashanti during the second quarter worth about $30,000. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $89.55 on Thursday. The business’s fifty day moving average is $78.40 and its two-hundred day moving average is $64.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The firm has a market cap of $37.59 billion, a P/E ratio of 19.73 and a beta of 0.58. AngloGold Ashanti PLC has a 52 week low of $22.45 and a 52 week high of $91.00.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.02). The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.53 billion. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%. Equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s payout ratio is currently 80.18%.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Roth Capital lifted their price target on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Scotiabank raised their price objective on shares of AngloGold Ashanti from $90.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 12th. HSBC reissued a “reduce” rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Finally, Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.