3,690 Shares in AngloGold Ashanti PLC $AU Acquired by Kiker Wealth Management LLC

Key Points

• Kiker Wealth Management LLC has acquired a new position in AngloGold Ashanti PLC, purchasing 3,690 shares valued at approximately $168,000.
• AngloGold Ashanti recently declared a semi-annual dividend of $0.80, increasing from the previous $0.69, representing a 610.0% dividend yield.
• Analysts have set price targets for AngloGold Ashanti, with JPMorgan raising their target from $58.00 to $63.00, and the stock currently has a consensus rating of "Hold."

Kiker Wealth Management LLC acquired a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,690 shares of the mining company's stock, valued at approximately $168,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its holdings in AngloGold Ashanti by 102.6% in the 2nd quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company's stock worth $597,000 after acquiring an additional 6,636 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in AngloGold Ashanti by 7.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 527,391 shares of the mining company's stock valued at $24,033,000 after buying an additional 37,400 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in AngloGold Ashanti by 12.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,166 shares of the mining company's stock valued at $1,830,000 after buying an additional 4,545 shares during the last quarter. U S Global Investors Inc. raised its stake in AngloGold Ashanti by 8.3% during the 2nd quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company's stock valued at $2,962,000 after buying an additional 5,000 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new stake in AngloGold Ashanti during the 2nd quarter valued at $1,116,000. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Trading Up 3.5%

Shares of AngloGold Ashanti stock opened at $74.47 on Tuesday. The company has a market capitalization of $31.26 billion, a P/E ratio of 19.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a fifty day moving average of $62.81 and a 200 day moving average of $50.75. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $77.80.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%.The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.80 dividend. This represents a dividend yield of 610.0%. The ex-dividend date of this dividend was Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's payout ratio is 85.11%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AU. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of AngloGold Ashanti in a research note on Wednesday, October 8th. Scotiabank reiterated a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Monday, August 11th. HSBC reiterated a "reduce" rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Thursday. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $58.00.

AngloGold Ashanti Company 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.

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