Border to Coast Pensions Partnership Ltd Takes Position in AngloGold Ashanti PLC $AU

Border to Coast Pensions Partnership Ltd acquired a new position in AngloGold Ashanti PLC (NYSE:AU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 218,598 shares of the mining company’s stock, valued at approximately $15,376,000. Border to Coast Pensions Partnership Ltd owned approximately 0.05% of AngloGold Ashanti as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in AngloGold Ashanti by 1,175.7% during the 2nd quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock worth $226,354,000 after buying an additional 4,577,807 shares in the last quarter. Acadian Asset Management LLC raised its holdings in AngloGold Ashanti by 1,767.5% during the second quarter. Acadian Asset Management LLC now owns 2,788,123 shares of the mining company’s stock worth $127,027,000 after acquiring an additional 2,638,823 shares in the last quarter. Geode Capital Management LLC boosted its position in AngloGold Ashanti by 274.6% during the second quarter. Geode Capital Management LLC now owns 3,137,721 shares of the mining company’s stock valued at $142,986,000 after purchasing an additional 2,300,204 shares during the last quarter. Norges Bank bought a new position in AngloGold Ashanti in the second quarter valued at approximately $74,039,000. Finally, Vanguard Group Inc. grew its stake in AngloGold Ashanti by 6.1% in the second quarter. Vanguard Group Inc. now owns 22,284,407 shares of the mining company’s stock valued at $1,017,746,000 after purchasing an additional 1,281,958 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $100.95 on Thursday. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. AngloGold Ashanti PLC has a 52 week low of $28.44 and a 52 week high of $115.81. The company has a 50-day simple moving average of $92.02 and a 200 day simple moving average of $74.56.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio is currently 80.18%.

Analysts Set New Price Targets

Several research firms have recently commented on AU. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Roth Mkm lifted their price objective on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Citigroup raised their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

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.