Altrinsic Global Advisors LLC Has $601,000 Position in AngloGold Ashanti PLC $AU

Key Points

• Altrinsic Global Advisors LLC reduced its holdings in AngloGold Ashanti PLC by 34.0%, now owning 16,196 shares worth $601,000.
• AngloGold Ashanti declared a new semi-annual dividend of $0.80, up from the previous $0.69, indicating a strong cash yield for investors.
• The company recently reported earnings per share of $1.25, missing analysts' expectations, but generated $2.45 billion in revenue, surpassing estimates.

Altrinsic Global Advisors LLC lessened its stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 34.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,196 shares of the mining company's stock after selling 8,347 shares during the period. Altrinsic Global Advisors LLC's holdings in AngloGold Ashanti were worth $601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. acquired a new stake in shares of AngloGold Ashanti during the 1st quarter worth $63,186,000. Voloridge Investment Management LLC bought a new stake in AngloGold Ashanti during the fourth quarter worth about $24,741,000. Price T Rowe Associates Inc. MD grew its stake in AngloGold Ashanti by 68.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,569,868 shares of the mining company's stock worth $59,313,000 after buying an additional 1,045,335 shares in the last quarter. Nuveen LLC bought a new position in AngloGold Ashanti in the 1st quarter valued at about $37,451,000. Finally, AQR Capital Management LLC increased its holdings in AngloGold Ashanti by 7,804.7% in the 4th quarter. AQR Capital Management LLC now owns 930,781 shares of the mining company's stock valued at $21,482,000 after buying an additional 919,006 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Down 0.3%

AU traded down $0.16 during midday trading on Thursday, hitting $55.19. 3,164,040 shares of the company were exchanged, compared to its average volume of 2,803,845. The firm's 50 day moving average price is $50.59 and its 200-day moving average price is $42.93. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $59.19. The firm has a market capitalization of $23.16 billion, a P/E ratio of 14.68 and a beta of 0.46. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. As a group, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.80 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 610.0%. AngloGold Ashanti's dividend payout ratio is presently 85.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Roth Capital restated a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Finally, Scotiabank reiterated a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.60.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.