AngloGold Ashanti PLC $AU Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in AngloGold Ashanti PLC (NYSE:AU) by 95.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,655 shares of the mining company’s stock after selling 59,152 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AngloGold Ashanti were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AU. Moody National Bank Trust Division lifted its holdings in shares of AngloGold Ashanti by 7.8% during the 3rd quarter. Moody National Bank Trust Division now owns 2,777 shares of the mining company’s stock worth $261,000 after acquiring an additional 202 shares during the last quarter. Monument Capital Management grew its position in AngloGold Ashanti by 6.5% in the third quarter. Monument Capital Management now owns 4,037 shares of the mining company’s stock worth $379,000 after acquiring an additional 245 shares in the last quarter. Diversify Advisory Services LLC increased its stake in AngloGold Ashanti by 6.2% in the third quarter. Diversify Advisory Services LLC now owns 4,290 shares of the mining company’s stock valued at $393,000 after acquiring an additional 252 shares during the last quarter. Ascentis Independent Advisors bought a new position in AngloGold Ashanti in the first quarter valued at $26,000. Finally, Allen Capital Group LLC increased its stake in AngloGold Ashanti by 10.5% in the first quarter. Allen Capital Group LLC now owns 2,832 shares of the mining company’s stock valued at $276,000 after acquiring an additional 268 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 2.0%

Shares of NYSE:AU opened at $86.78 on Wednesday. The company’s fifty day moving average is $100.48 and its 200 day moving average is $97.00. AngloGold Ashanti PLC has a 52 week low of $63.29 and a 52 week high of $129.14.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.05). The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.20 billion. As a group, sell-side analysts forecast that AngloGold Ashanti PLC will post 8.18 EPS for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a dividend of $0.72 per share. The ex-dividend date was Friday, August 21st. This represents a $2.88 annualized dividend and a yield of 3.3%. This is a drop from AngloGold Ashanti’s previous quarterly dividend of $1.16.

Analyst Ratings Changes

Several equities research analysts have issued reports on AU shares. Royal Bank Of Canada lifted their price target on AngloGold Ashanti from $111.00 to $119.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. increased their price objective on AngloGold Ashanti from $134.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Freedom Broker increased their price objective on AngloGold Ashanti from $107.00 to $111.50 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Scotiabank decreased their price objective on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Finally, RBC Dominion Securities set a $110.00 target price on AngloGold Ashanti and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $118.06.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.