Sagil Capital LLP Acquires New Position in AngloGold Ashanti plc (NYSE:AU)

Sagil Capital LLP bought a new position in AngloGold Ashanti plc (NYSE:AU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 629,506 shares of the mining company’s stock, valued at approximately $14,529,000. AngloGold Ashanti makes up approximately 6.7% of Sagil Capital LLP’s investment portfolio, making the stock its 3rd biggest position. Sagil Capital LLP owned about 0.15% of AngloGold Ashanti as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the period. TT International Asset Management LTD grew its stake in shares of AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after buying an additional 962,141 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of AngloGold Ashanti by 297.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock worth $6,900,000 after buying an additional 193,992 shares during the last quarter. Van ECK Associates Corp raised its position in shares of 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 valued at $586,504,000 after buying an additional 2,491,130 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in AngloGold Ashanti by 1,504.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock valued at $10,419,000 after acquiring an additional 367,306 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $35.56 on Thursday. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 11.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The business has a 50-day moving average of $31.31 and a 200 day moving average of $28.04. AngloGold Ashanti plc has a 12 month low of $21.37 and a 12 month high of $36.69.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, sell-side analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.69 dividend. This represents a yield of 2.8%. The ex-dividend date is Friday, March 14th. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 43.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.00.

AngloGold Ashanti 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.