Counterpoint Mutual Funds LLC Takes $1.87 Million Position in AngloGold Ashanti PLC $AU

Key Points

• Counterpoint Mutual Funds LLC acquired approximately $1.87 million worth of shares in AngloGold Ashanti PLC, adding 40,933 shares to its portfolio in the second quarter.
• The company's recent dividend increased to $0.80, representing a significant boost from the previous $0.69 dividend with an impressive yield of 610.0%.
• AngloGold Ashanti posted $1.25 EPS for the last quarter, falling short of the expected $1.31, despite revenues hitting $2.45 billion, exceeding estimates.

Counterpoint Mutual Funds LLC acquired a new stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 40,933 shares of the mining company's stock, valued at approximately $1,865,000.

Other institutional investors also recently made changes to their positions in the company. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $30,000. SVB Wealth LLC purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $32,000. Finally, Farther Finance Advisors LLC raised its holdings in AngloGold Ashanti by 579.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,664 shares of the mining company's stock valued at $76,000 after buying an additional 1,419 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AU shares. Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reiterated a "buy" rating on shares of AngloGold Ashanti in a report on Friday, August 1st. Zacks Research lowered shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Scotiabank reiterated a "sector perform" rating and set a $55.00 price target on shares of AngloGold Ashanti in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AngloGold Ashanti has a consensus rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Stock Up 2.3%

Shares of NYSE AU opened at $69.35 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $69.60. The firm has a market capitalization of $29.11 billion, a PE ratio of 18.44 and a beta of 0.53. The firm has a fifty day simple moving average of $56.13 and a two-hundred day simple moving average of $46.83.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS 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 company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. Equities analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

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

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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