AngloGold Ashanti PLC $AU Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 26.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,916 shares of the mining company’s stock after selling 22,422 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in AngloGold Ashanti were worth $5,931,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in AngloGold Ashanti in the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $34,000. Mcguire Capital Advisors Inc. acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $36,000. Global Retirement Partners LLC increased its position in shares of AngloGold Ashanti by 454.1% in the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after buying an additional 386 shares in the last quarter. Finally, Reflection Asset Management purchased a new stake in shares of AngloGold Ashanti in the fourth quarter valued at approximately $42,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AU. Roth Mkm decreased their target price on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Scotiabank reduced their price objective on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, March 20th. Weiss Ratings downgraded shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.80.

AngloGold Ashanti Stock Performance

AU opened at $84.55 on Friday. AngloGold Ashanti PLC has a twelve month low of $44.67 and a twelve month high of $129.14. The firm has a market capitalization of $42.69 billion, a PE ratio of 12.40 and a beta of 0.65. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $91.17 and its 200 day moving average price is $97.32.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. As a group, sell-side analysts expect that AngloGold Ashanti PLC will post 8.91 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.16 dividend. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s payout ratio is 68.04%.

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.