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 AngloGold Ashanti PLC (NYSE:AU) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of AngloGold Ashanti by 3.6% during the 4th quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock worth $237,000 after buying an additional 96 shares in the last quarter. PDS Planning Inc raised its holdings in shares of AngloGold Ashanti by 3.0% in the fourth quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after acquiring an additional 124 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in AngloGold Ashanti by 4.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock worth $305,000 after acquiring an additional 142 shares during the period. California State Teachers Retirement System lifted its stake in AngloGold Ashanti by 0.5% in the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock worth $2,245,000 after acquiring an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in AngloGold Ashanti by 33.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after acquiring an additional 150 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AngloGold Ashanti Stock Up 2.8%

NYSE:AU opened at $81.56 on Friday. AngloGold Ashanti PLC has a fifty-two week low of $43.44 and a fifty-two week high of $129.14. The stock has a market capitalization of $41.18 billion, a P/E ratio of 11.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. The company’s 50-day simple moving average is $93.32 and its 200-day simple moving average is $97.31.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, equities analysts anticipate 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 represents a $4.64 annualized dividend and a yield of 5.7%. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. AngloGold Ashanti’s payout ratio is 68.04%.

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.