Hussman Strategic Advisors Inc. Sells 35,700 Shares of AngloGold Ashanti PLC $AU

Hussman Strategic Advisors Inc. lowered its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 70.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,300 shares of the mining company’s stock after selling 35,700 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in AngloGold Ashanti were worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC grew its holdings in shares of AngloGold Ashanti by 0.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 40,443 shares of the mining company’s stock valued at $2,844,000 after acquiring an additional 277 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in AngloGold Ashanti in the third quarter worth $209,000. Y Intercept Hong Kong Ltd bought a new position in AngloGold Ashanti in the 3rd quarter valued at $16,573,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its stake in AngloGold Ashanti by 38.4% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 25,600 shares of the mining company’s stock valued at $1,797,000 after purchasing an additional 7,100 shares during the period. Finally, Drive Wealth Management LLC increased its position in shares of AngloGold Ashanti by 6.6% during the 3rd quarter. Drive Wealth Management LLC now owns 8,350 shares of the mining company’s stock valued at $587,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AU. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup raised their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Scotiabank upped their price objective on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.00.

AngloGold Ashanti Price Performance

AU opened at $115.72 on Thursday. The firm has a 50-day moving average price of $90.41 and a 200-day moving average price of $72.75. AngloGold Ashanti PLC has a twelve month low of $28.02 and a twelve month high of $115.81. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $45.94 billion, a price-to-earnings ratio of 25.49 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Wednesday, November 12th. The mining company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.02). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 80.18%.

AngloGold Ashanti 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.