AngloGold Ashanti PLC $AU Shares Acquired by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC has increased its stake in AngloGold Ashanti PLC by 102.6% in the second quarter, now holding 13,101 shares valued at approximately $597,000.
• AngloGold Ashanti recently increased its semi-annual dividend to $0.80 per share, up from $0.69, representing a significant dividend yield of 610.0%.
• The company's most recent earnings report showed a miss on EPS estimates, with reported earnings of $1.25 compared to an expected $1.31, although revenue surpassed expectations at $2.45 billion.

Yousif Capital Management LLC grew its stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 102.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,101 shares of the mining company's stock after buying an additional 6,636 shares during the period. Yousif Capital Management LLC's holdings in AngloGold Ashanti were worth $597,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in shares of AngloGold Ashanti in the 2nd quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in AngloGold Ashanti in the 1st quarter valued at $30,000. SVB Wealth LLC purchased a new stake in AngloGold Ashanti in the 1st quarter valued at $32,000. Hollencrest Capital Management raised its position in AngloGold Ashanti by 1.7% in the 1st quarter. Hollencrest Capital Management now owns 70,305 shares of the mining company's stock valued at $2,610,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in AngloGold Ashanti by 4.8% in the 1st quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 26,200 shares of the mining company's stock valued at $984,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Stock Down 0.4%

Shares of AngloGold Ashanti stock opened at $66.52 on Thursday. The company has a market cap of $27.92 billion, a P/E ratio of 17.69 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. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $79.94. The firm has a fifty day moving average of $65.00 and a two-hundred day moving average of $52.30.

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

AngloGold Ashanti Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on AU shares. Zacks Research upgraded shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Roth Capital set a $76.00 price target on shares of AngloGold Ashanti and gave the company a "buy" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of AngloGold Ashanti in a research report on Wednesday, October 8th. HSBC reiterated a "reduce" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research report on Monday, August 11th. Three 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, AngloGold Ashanti currently has an average rating of "Hold" and an average target price of $58.00.

AngloGold Ashanti 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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