Lingohr Asset Management GmbH Invests $1.62 Million in 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 acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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 holdings, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TrueWealth Advisors LLC acquired a new position in shares of AngloGold Ashanti during the second quarter worth about $547,000. Rhumbline Advisers boosted its holdings in AngloGold Ashanti by 194.3% in the first quarter. Rhumbline Advisers now owns 31,619 shares of the mining company's stock valued at $1,174,000 after purchasing an additional 20,874 shares in the last quarter. Acadian Asset Management LLC acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $5,538,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AngloGold Ashanti by 25.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,963,318 shares of the mining company's stock valued at $72,878,000 after purchasing an additional 398,684 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $321,000. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $66.30 on Monday. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $66.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. The business has a 50 day simple moving average of $53.77 and a 200-day simple moving average of $45.32. The stock has a market capitalization of $27.83 billion, a PE ratio of 17.63 and a beta of 0.53.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $2.29 billion. Equities analysts predict 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 represents a dividend yield of 610.0%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. The ex-dividend date was Friday, August 22nd. AngloGold Ashanti's dividend payout ratio (DPR) is currently 85.11%.

Analysts Set New Price Targets

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