Border to Coast Pensions Partnership Ltd Sells 8,987 Shares of AngloGold Ashanti PLC $AU

Border to Coast Pensions Partnership Ltd trimmed its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,927 shares of the mining company’s stock after selling 8,987 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in AngloGold Ashanti were worth $22,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of AU. Zions Bancorporation National Association UT bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of AngloGold Ashanti during the 4th quarter worth about $34,000. Mcguire Capital Advisors Inc. bought a new position in AngloGold Ashanti during the 4th quarter valued at about $36,000. Global Retirement Partners LLC grew its holdings in AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. Finally, Reflection Asset Management purchased a new stake in AngloGold Ashanti in the 4th quarter worth about $42,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 2.8%

AU stock opened at $81.56 on Friday. The company has a market capitalization of $41.18 billion, a PE ratio of 11.96 and a beta of 0.60. AngloGold Ashanti PLC has a 12 month low of $43.44 and a 12 month high of $129.14. The firm’s 50-day moving average is $93.32 and its 200 day moving average is $97.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, research analysts anticipate that AngloGold Ashanti PLC will post 8.91 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.7%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is 68.04%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AU shares. Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Scotiabank cut their target price on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, March 20th. Weiss Ratings downgraded AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Roth Mkm decreased their price target on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Citigroup raised their price target on AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus price target of $111.80.

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.