SummitTX Capital L.P. Trims Stock Holdings in AngloGold Ashanti PLC $AU

SummitTX Capital L.P. trimmed its position in AngloGold Ashanti PLC (NYSE:AU) by 48.5% in the 1st quarter, HoldingsChannel reports. The fund owned 19,632 shares of the mining company’s stock after selling 18,523 shares during the quarter. SummitTX Capital L.P.’s holdings in AngloGold Ashanti were worth $1,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new stake in AngloGold Ashanti during the 4th quarter valued at approximately $13,777,000. Kestra Private Wealth Services LLC bought a new stake in AngloGold Ashanti in the fourth quarter worth $1,139,000. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth about $6,523,000. JPMorgan Chase & Co. lifted its stake in shares of AngloGold Ashanti by 606.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,054 shares of the mining company’s stock valued at $918,000 after purchasing an additional 11,207 shares during the last quarter. Finally, Euro Pacific Asset Management LLC boosted its stake in AngloGold Ashanti by 13.6% during the fourth quarter. Euro Pacific Asset Management LLC now owns 122,885 shares of the mining company’s stock worth $10,556,000 after buying an additional 14,673 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $78.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 11.57 and a beta of 0.65. The firm has a 50-day moving average of $85.03 and a two-hundred day moving average of $96.44. AngloGold Ashanti PLC has a 1 year low of $45.36 and a 1 year high of $129.14.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. On average, research analysts forecast that AngloGold Ashanti PLC will post 8.23 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 5.9%. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s payout ratio is currently 68.04%.

Analyst Ratings Changes

Several equities analysts recently commented on AU shares. Roth Capital cut their price target on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Citigroup cut their target price on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Freedom Capital upgraded AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.50.

About AngloGold Ashanti

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.