Themes Management Co LLC Makes New $1.41 Million Investment in AngloGold Ashanti PLC $AU

Themes Management Co LLC bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 16,561 shares of the mining company’s stock, valued at approximately $1,412,000. AngloGold Ashanti makes up about 1.1% of Themes Management Co LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Impact Partnership Wealth LLC purchased a new stake in shares of AngloGold Ashanti during the 3rd quarter worth approximately $1,408,000. Caprock Group LLC acquired a new position in AngloGold Ashanti during the third quarter worth $3,728,000. Legal & General Group Plc boosted its position in AngloGold Ashanti by 5.9% during the third quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock worth $361,310,000 after purchasing an additional 284,017 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in AngloGold Ashanti during the fourth quarter worth $13,777,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $1,139,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on AU. Scotiabank decreased their price objective on shares of 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. Weiss Ratings raised shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $121.00 price target on shares of AngloGold Ashanti in a research report on Monday, May 11th. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AngloGold Ashanti Price Performance

NYSE:AU opened at $90.58 on Tuesday. AngloGold Ashanti PLC has a 12-month low of $42.62 and a 12-month high of $129.14. The firm has a market cap of $45.73 billion, a price-to-earnings ratio of 13.28 and a beta of 0.60. The company’s 50-day moving average is $97.48 and its two-hundred day moving average is $96.11. The company has a current ratio of 2.87, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20.

AngloGold Ashanti (NYSE:AU) last issued its quarterly 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. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 37.17%. Research analysts expect that AngloGold Ashanti PLC will post 9.26 EPS for the current year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a yield of 5.1%. AngloGold Ashanti’s payout ratio is presently 101.47%.

AngloGold Ashanti Company Profile

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.