Freestone Capital Holdings LLC Lowers Stock Holdings in AngloGold Ashanti Limited (NYSE:AU)

Freestone Capital Holdings LLC lessened its holdings in AngloGold Ashanti Limited (NYSE:AU) by 18.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,720 shares of the mining company’s stock after selling 4,850 shares during the period. Freestone Capital Holdings LLC’s holdings in AngloGold Ashanti were worth $525,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AU. Bank of New York Mellon Corp purchased a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $282,000. APG Asset Management N.V. purchased a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $2,163,000. Vontobel Holding Ltd. lifted its position in shares of AngloGold Ashanti by 395.1% in the 1st quarter. Vontobel Holding Ltd. now owns 82,383 shares of the mining company’s stock worth $1,973,000 after purchasing an additional 65,743 shares during the period. Allianz Asset Management GmbH lifted its position in shares of AngloGold Ashanti by 51.6% in the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company’s stock worth $48,572,000 after purchasing an additional 697,908 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of AngloGold Ashanti by 44.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,412,291 shares of the mining company’s stock worth $33,457,000 after purchasing an additional 432,001 shares during the period. Hedge funds and other institutional investors own 22.36% of the company’s stock.

AngloGold Ashanti Stock Performance

NYSE AU opened at $16.73 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.24 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $22.03. AngloGold Ashanti Limited has a 52 week low of $11.94 and a 52 week high of $30.26.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Friday, August 4th. The mining company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.38). The company had revenue of $1.16 billion for the quarter. Equities research analysts predict that AngloGold Ashanti Limited will post 1.12 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 25th will be paid a dividend of $0.029 per share. The ex-dividend date is Thursday, August 24th. This represents a dividend yield of 1.2%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of AngloGold Ashanti in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

AngloGold Ashanti Profile

AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia.