USS Investment Management Ltd reduced its stake in AngloGold Ashanti PLC (NYSE:AU – Free Report) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 954,291 shares of the mining company’s stock after selling 49,504 shares during the quarter. USS Investment Management Ltd’s holdings in AngloGold Ashanti were worth $81,372,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AU. Zions Bancorporation National Association UT bought a new stake in shares of AngloGold Ashanti in the 4th quarter worth approximately $31,000. Ancora Advisors LLC bought a new stake in shares of AngloGold Ashanti in the 3rd quarter worth approximately $35,000. Global Retirement Partners LLC boosted its position in shares of AngloGold Ashanti by 454.1% in the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of AngloGold Ashanti by 33.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after purchasing an additional 150 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. 36.09% of the stock is owned by institutional investors.
AngloGold Ashanti Price Performance
Shares of AU opened at $86.26 on Monday. The firm has a market cap of $43.55 billion, a PE ratio of 12.65 and a beta of 0.60. 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 has a fifty day simple moving average of $97.02 and a two-hundred day simple moving average of $97.28. AngloGold Ashanti PLC has a 1-year low of $43.44 and a 1-year high of $129.14.
AngloGold Ashanti Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is presently 68.04%.
Wall Street Analysts Forecast Growth
AU has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Scotiabank decreased 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 report on Friday, March 20th. Zacks Research lowered shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Citigroup boosted their price objective on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Roth Mkm restated a “buy” rating and issued a $121.00 price objective on shares of AngloGold Ashanti in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AngloGold Ashanti has a consensus rating of “Hold” and a consensus price target of $114.00.
View Our Latest Stock Analysis on AngloGold Ashanti
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.
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