USS Investment Management Ltd reduced its position in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 30.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 663,007 shares of the mining company’s stock after selling 291,284 shares during the quarter. USS Investment Management Ltd owned about 0.13% of AngloGold Ashanti worth $64,620,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in AngloGold Ashanti in the 4th quarter valued at $31,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of AngloGold Ashanti in the fourth quarter worth $34,000. Mcguire Capital Advisors Inc. bought a new stake in AngloGold Ashanti during the fourth quarter valued at $36,000. Global Retirement Partners LLC boosted its stake in AngloGold Ashanti by 454.1% during the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after buying an additional 386 shares during the period. Finally, Reflection Asset Management purchased a new position in AngloGold Ashanti during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Scotiabank dropped their price target on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, March 20th. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup upped their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Roth Mkm lowered their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AngloGold Ashanti currently has an average rating of “Hold” and a consensus target price of $111.80.
AngloGold Ashanti Stock Down 1.5%
AU opened at $80.57 on Wednesday. The business’s fifty day simple moving average is $92.29 and its 200 day simple moving average is $97.43. AngloGold Ashanti PLC has a 52 week low of $44.67 and a 52 week high of $129.14. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19. The stock has a market cap of $40.68 billion, a PE ratio of 11.81 and a beta of 0.60.
AngloGold Ashanti (NYSE:AU – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. As a group, research analysts expect that AngloGold Ashanti PLC will post 8.91 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $1.16 dividend. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s payout ratio is currently 68.04%.
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.
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