Lingohr Asset Management GmbH Buys Shares of 35,631 AngloGold Ashanti PLC $AU

Key Points

• Lingohr Asset Management GmbH has invested approximately $1.62 million in AngloGold Ashanti PLC, acquiring 35,631 shares, making it the fund's fourth largest position.
• AngloGold Ashanti reported earnings of $1.25 EPS for the last quarter, which was below the estimated $1.31 EPS, despite generating revenue of $2.45 billion.
• The company recently declared a semi-annual dividend of $0.80 per share, reflecting a notable increase from the previous $0.69 per share, with a dividend payout ratio of 85.11%.

Lingohr Asset Management GmbH bought a new stake in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 35,631 shares of the mining company's stock, valued at approximately $1,624,000. AngloGold Ashanti makes up approximately 2.9% of Lingohr Asset Management GmbH's portfolio, making the stock its 4th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in shares of AngloGold Ashanti by 2.1% in the first quarter. Assenagon Asset Management S.A. now owns 11,353 shares of the mining company's stock valued at $424,000 after purchasing an additional 235 shares in the last quarter. Forefront Wealth Management Inc. grew its holdings in shares of AngloGold Ashanti by 1.7% in the first quarter. Forefront Wealth Management Inc. now owns 38,529 shares of the mining company's stock valued at $1,430,000 after purchasing an additional 638 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of AngloGold Ashanti in the first quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of AngloGold Ashanti in the first quarter worth $30,000. Finally, SVB Wealth LLC acquired a new position in shares of AngloGold Ashanti in the first quarter worth $32,000. 36.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Roth Capital reissued a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Zacks Research downgraded AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. 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 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 company has an average rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Stock Performance

Shares of AU stock traded up $2.47 during trading hours on Friday, hitting $67.07. The stock had a trading volume of 1,404,232 shares, compared to its average volume of 3,132,956. The firm has a market capitalization of $28.15 billion, a PE ratio of 17.82 and a beta of 0.54. AngloGold Ashanti PLC has a twelve month low of $22.45 and a twelve month high of $67.67. The stock's 50 day moving average is $55.28 and its 200 day moving average is $46.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.29 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. As a group, research 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 disclosed a semi-annual dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.80 per share. This represents a 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%.

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.