Yousif Capital Management LLC Sells 7,140 Shares of AngloGold Ashanti PLC (NYSE:AU)

Yousif Capital Management LLC trimmed its stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 52.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,465 shares of the mining company's stock after selling 7,140 shares during the period. Yousif Capital Management LLC's holdings in AngloGold Ashanti were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AU. Whittier Trust Co. acquired a new stake in AngloGold Ashanti in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $29,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of AngloGold Ashanti during the fourth quarter worth approximately $82,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Trading Up 0.0%

AU stock traded up $0.02 during midday trading on Wednesday, hitting $46.42. 2,025,099 shares of the company's stock were exchanged, compared to its average volume of 2,692,231. The stock's fifty day moving average price is $44.09 and its 200-day moving average price is $35.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. The company has a market cap of $19.48 billion, a PE ratio of 15.27 and a beta of 0.49. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $51.11.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. Research analysts predict that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's payout ratio is 16.45%.

Analyst Upgrades and Downgrades

AU has been the subject of a number of analyst reports. Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. HSBC restated a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Roth Capital started coverage on AngloGold Ashanti in a report on Thursday, June 12th. They issued a "buy" rating and a $52.00 price objective for the company. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Royal Bank Of Canada boosted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

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.