Global Trust Asset Management LLC Increases Position in AngloGold Ashanti PLC $AU

Global Trust Asset Management LLC increased its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 162.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the mining company’s stock after buying an additional 1,300 shares during the quarter. Global Trust Asset Management LLC’s holdings in AngloGold Ashanti were worth $96,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AU. Ameriprise Financial Inc. grew its holdings in shares of AngloGold Ashanti by 13.1% during the fourth quarter. Ameriprise Financial Inc. now owns 12,135 shares of the mining company’s stock valued at $280,000 after buying an additional 1,402 shares during the last quarter. Wellington Management Group LLP purchased a new stake in AngloGold Ashanti in the fourth quarter valued at $392,000. GAMMA Investing LLC boosted its holdings in AngloGold Ashanti by 3,533.0% in the first quarter. GAMMA Investing LLC now owns 92,206 shares of the mining company’s stock valued at $3,423,000 after purchasing an additional 89,668 shares during the last quarter. Rhumbline Advisers boosted its holdings in AngloGold Ashanti by 194.3% in the first quarter. Rhumbline Advisers now owns 31,619 shares of the mining company’s stock valued at $1,174,000 after purchasing an additional 20,874 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors purchased a new stake in AngloGold Ashanti in the first quarter valued at $221,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 1.4%

AU opened at $69.27 on Tuesday. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $70.37. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $58.12 and a 200 day moving average price of $48.09. The company has a market cap of $29.07 billion, a PE ratio of 18.42 and a beta of 0.53.

AngloGold Ashanti (NYSE:AU) last released its quarterly 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 analyst estimates of $2.29 billion. Sell-side analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.80 per share. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.69. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 610.0%. AngloGold Ashanti’s payout ratio is currently 85.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $55.00 price target on shares of AngloGold Ashanti in a report on Monday, August 11th. JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Roth Capital reaffirmed a “buy” rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Zacks Research lowered shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Friday, August 29th. Finally, Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.60.

AngloGold Ashanti Company 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.