Carrhae Capital LLP Decreases Stock Holdings in AngloGold Ashanti PLC $AU

Carrhae Capital LLP lowered its stake in AngloGold Ashanti PLC (NYSE:AU) by 10.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,200,111 shares of the mining company’s stock after selling 140,848 shares during the quarter. AngloGold Ashanti accounts for about 4.0% of Carrhae Capital LLP’s portfolio, making the stock its 11th biggest holding. Carrhae Capital LLP’s holdings in AngloGold Ashanti were worth $54,689,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Forefront Wealth Management Inc. lifted its holdings in AngloGold Ashanti by 46.8% in the 2nd quarter. Forefront Wealth Management Inc. now owns 56,545 shares of the mining company’s stock valued at $2,577,000 after purchasing an additional 18,016 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $5,538,000. U S Global Investors Inc. lifted its position in AngloGold Ashanti by 8.3% during the second quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company’s stock worth $2,962,000 after buying an additional 5,000 shares in the last quarter. Yousif Capital Management LLC boosted its stake in AngloGold Ashanti by 102.6% during the second quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company’s stock worth $597,000 after buying an additional 6,636 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in AngloGold Ashanti by 7.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 662,163 shares of the mining company’s stock worth $24,579,000 after buying an additional 48,274 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 1.3%

Shares of AU opened at $68.11 on Monday. The company’s 50-day moving average price is $66.89 and its 200 day moving average price is $54.01. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $79.94. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. The firm has a market cap of $28.59 billion, a P/E ratio of 18.11 and a beta of 0.53.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%.The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.29 billion. On average, sell-side analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank raised AngloGold Ashanti from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $55.00 to $90.00 in a research note on Thursday, October 23rd. Roth Capital set a $76.00 price objective on shares of AngloGold Ashanti and gave the company a “buy” rating in a report on Friday, October 3rd. HSBC restated a “reduce” rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.17.

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.