Carrhae Capital 13F: Exits AngloGold Ashanti (AU) Stake

Carrhae Capital closed out its position in AngloGold Ashanti plc (NYSE: AU) during the quarter, parting with 756,610 shares according to a Form 13F filing on October 20, 2026. The complete sale cut the fund's investment in the gold miner down to zero shares.

AU AngloGold Ashanti plc

$90.83 ▲ +9.90% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Carrhae Capital's AngloGold Ashanti Position

Carrhae Capital fully exited its holding in the basic materials company, dropping all 756,610 shares it previously held. The fund did not retain any remaining stake in the stock as of the filing date.

Other Institutional Activity in AngloGold Ashanti

Other large investment managers adjusted their positions in the gold miner around the same period. Euro Pacific Asset Management grew its holdings by 12,051 shares, ending with 285,337 shares worth about $32.0 million. Van Eck Associates Corporation lowered its stake by 708,465 shares to hold 18,033,983 shares valued at about $1.64 billion. Ninety One SA (PTY) Ltd added 203,745 shares to finish with 11,398,551 shares worth approximately $1.04 billion. Deutsche Bank AG lifted its position by 76,255 shares to hold 5,766,942 shares valued at about $523.8 million. Legal & General Group PLC increased its stake by 538,079 shares, ending with 5,538,816 shares worth roughly $503.1 million.

AngloGold Ashanti plc Stock Down 0.8%

AngloGold Ashanti shares recently traded around $90.83 on October 21, 2026, matching the $90.83 close seen on October 20, 2026. The stock trades below its 50-day moving average of $101.60 and below its 200-day moving average of $97.15. The share price sits down about 29.7% from its 52-week high of $129.14 and up about 45.2% from its 52-week low of $62.55.

Recent Earnings

AngloGold Ashanti generated $11.83 billion in trailing-twelve-month revenue with earnings of $7.46 per share. The company reported a net profit margin of 32.2% alongside a return on equity of 44.7%. Its next earnings report is scheduled for November 5, 2026.

Dividend

The company pays an annual dividend rate of $4.52 per share with a dividend yield of 4.98% and a payout ratio of 61.7%.

Insider Buying and Selling at AngloGold Ashanti plc

Director Kojo Osei Frimpong Busia sold 400 shares on May 19, 2026, at an average price of $89.09 for a total value of $35,637.

Analysts Set New Price Targets

Several research firms updated their views on the stock prior to the filing. JP Morgan maintained an Overweight rating with a $134.00 target on July 16, 2026. BMO Capital downgraded the stock to Market Perform with a $115.00 target on September 10, 2026. JP Morgan maintained an Overweight rating and raised its target to $140.00 on September 15, 2026. RBC Capital maintained an Outperform rating with a $119.00 target on September 16, 2026. Goldman Sachs initiated a Buy rating with a $104.00 target on October 15, 2026. Overall, the stock holds a buy consensus rating with a mean price target of $116.38 across eight analyst opinions.

About AngloGold Ashanti

AngloGold Ashanti operates as a gold mining company across Africa, Australia, and the Americas. Headquartered in Greenwood Village, Colorado, the company explores for gold and recovers related by-products like silver and sulphuric acid from properties such as its Geita mine in Tanzania.

Bottom Line

Investors will look toward the upcoming earnings release on November 5, 2026, for further updates on operational performance and financial results. Institutional adjustments in the stock will continue to draw attention as market conditions shift.