Diversified Trust Co Acquires Shares of 8,033 AngloGold Ashanti PLC $AU

Key Points

• Diversified Trust Co acquired 8,033 shares of AngloGold Ashanti PLC, valued at approximately $366,000, during the second quarter, according to a recent SEC filing.
• AngloGold Ashanti recently increased its semi-annual dividend from $0.69 to $0.80, marking a significant yield of 610.0% with a payout ratio of 85.11%.
• Several hedge funds have adjusted their positions in AngloGold Ashanti, with notable increases from Ameriprise Financial and UBS Asset Management, contributing to institutional ownership of 36.09% in the company.

Diversified Trust Co acquired a new stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,033 shares of the mining company's stock, valued at approximately $366,000.

Several other hedge funds also recently added to or reduced their stakes in AU. Ameriprise Financial Inc. raised its position in AngloGold Ashanti by 13.1% in the fourth quarter. Ameriprise Financial Inc. now owns 12,135 shares of the mining company's stock valued at $280,000 after purchasing an additional 1,402 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $1,566,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AngloGold Ashanti by 25.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,564,634 shares of the mining company's stock worth $36,112,000 after acquiring an additional 313,142 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $29,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $2,115,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 0.1%

Shares of AngloGold Ashanti stock opened at $69.47 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. The firm has a market cap of $29.16 billion, a P/E ratio of 18.48 and a beta of 0.54. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $69.98. The business has a 50-day moving average price of $56.57 and a 200 day moving average price of $46.99.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. On average, sell-side analysts forecast that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

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

Analysts Set New Price Targets

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

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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