Sumitomo Mitsui Trust Group Inc. Sells 21,240 Shares of AngloGold Ashanti PLC $AU

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. decreased its position in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 837,055 shares of the mining company’s stock after selling 21,240 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in AngloGold Ashanti were worth $71,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altfest L J & Co. Inc. bought a new stake in shares of AngloGold Ashanti during the 4th quarter valued at about $680,000. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $6,523,000. Ritholtz Wealth Management boosted its holdings in shares of AngloGold Ashanti by 23.2% in the fourth quarter. Ritholtz Wealth Management now owns 22,717 shares of the mining company’s stock worth $1,937,000 after buying an additional 4,278 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in AngloGold Ashanti during the fourth quarter valued at approximately $209,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in AngloGold Ashanti during the fourth quarter valued at approximately $13,777,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup increased their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research cut AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Scotiabank lowered their target price on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings raised AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and a consensus price target of $112.20.

Check Out Our Latest Analysis on AngloGold Ashanti

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $109.81 on Wednesday. The company has a market capitalization of $55.44 billion, a P/E ratio of 21.16 and a beta of 0.66. AngloGold Ashanti PLC has a 1-year low of $38.61 and a 1-year high of $129.14. The firm’s 50 day simple moving average is $104.76 and its two-hundred day simple moving average is $90.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 2.20.

AngloGold Ashanti (NYSE:AU – Get Free Report) last announced its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.90. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.99 billion. AngloGold Ashanti had a net margin of 26.65% and a return on equity of 29.11%. Research analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.173 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.69 annualized dividend and a yield of 0.6%. AngloGold Ashanti’s dividend payout ratio is currently 133.33%.

About AngloGold Ashanti

(Free Report)

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.

See Also

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