Altrinsic Global Advisors LLC Trims Stock 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 trimmed its holdings in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 34.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AU. Hara Capital LLC bought a new position in shares of AngloGold Ashanti in the fourth quarter valued at $29,000. Global Trust Asset Management LLC bought a new position in shares of AngloGold Ashanti in the first quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of AngloGold Ashanti in the first quarter valued at $30,000. SVB Wealth LLC bought a new position in shares of AngloGold Ashanti in the first quarter valued at $32,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at about $77,000. 36.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

AngloGold Ashanti Price Performance

NYSE:AU traded up $1.56 during mid-day trading on Friday, hitting $56.76. 3,967,429 shares of the stock traded hands, compared to its average volume of 2,715,470. The business's 50-day moving average price is $50.77 and its 200 day moving average price is $43.16. The company has a market cap of $23.82 billion, a PE ratio of 15.10 and a beta of 0.46. AngloGold Ashanti PLC has a 12-month low of $22.45 and a 12-month high of $59.19. 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 announced its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. On average, analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a $0.80 dividend. This represents a dividend yield of 610.0%. The ex-dividend date is Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is presently 85.11%.

AngloGold Ashanti 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.