AngloGold Ashanti plc (NYSE:AU) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its stake in AngloGold Ashanti plc (NYSE:AU) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,235 shares of the mining company’s stock after selling 500 shares during the period. Oxbow Advisors LLC’s holdings in AngloGold Ashanti were worth $305,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AU. FMR LLC boosted its stake in AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after purchasing an additional 2,957,304 shares during the period. Van ECK Associates Corp boosted its stake in AngloGold Ashanti by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock worth $586,504,000 after purchasing an additional 2,491,130 shares during the period. Ninety One UK Ltd acquired a new stake in AngloGold Ashanti during the 4th quarter worth $45,043,000. TT International Asset Management LTD boosted its stake in AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in AngloGold Ashanti by 159.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company’s stock worth $33,327,000 after purchasing an additional 768,363 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a research report on Thursday, November 21st. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of AngloGold Ashanti in a research report on Thursday. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.00.

AngloGold Ashanti Stock Down 1.2 %

Shares of NYSE AU opened at $31.63 on Friday. AngloGold Ashanti plc has a 12 month low of $17.01 and a 12 month high of $33.77. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $27.55 and a 200-day simple moving average of $27.69.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Sell-side analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.69 per share. The ex-dividend date is Friday, March 14th. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%.

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.