Carrhae Capital LLP Sells 377,085 Shares of AngloGold Ashanti plc (NYSE:AU)

Carrhae Capital LLP cut its stake in AngloGold Ashanti plc (NYSE:AU) by 22.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,281,410 shares of the mining company’s stock after selling 377,085 shares during the quarter. AngloGold Ashanti accounts for 3.9% of Carrhae Capital LLP’s holdings, making the stock its 12th biggest position. Carrhae Capital LLP owned 0.31% of AngloGold Ashanti worth $34,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of AngloGold Ashanti by 72.6% in the 3rd quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after acquiring an additional 2,520 shares during the last quarter. ORG Partners LLC acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at approximately $629,000. Ritholtz Wealth Management acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at approximately $222,000. Atomi Financial Group Inc. grew its position in shares of AngloGold Ashanti by 87.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 16,907 shares of the mining company’s stock valued at $450,000 after purchasing an additional 7,864 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of AngloGold Ashanti by 30.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock valued at $3,182,000 after purchasing an additional 28,000 shares during the period. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $30.33 on Monday. AngloGold Ashanti plc has a 12-month low of $15.60 and a 12-month high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $28.74 and its 200-day moving average is $26.39.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $0.17 EPS. On average, equities research analysts predict that AngloGold Ashanti plc will post 2.5 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.22 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AU shares. BMO Capital Markets boosted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday. Scotiabank reaffirmed a “sector underperform” rating and set a $30.00 price target (up previously from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Finally, StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Company Profile

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.