Polianta Ltd Invests $1.20 Million in AngloGold Ashanti PLC $AU

Key Points

• Polianta Ltd has invested $1.20 million in AngloGold Ashanti PLC, acquiring 26,400 shares during the second quarter.
• AngloGold Ashanti recently announced a semi-annual dividend of $0.80 per share, representing a significant increase from the previous $0.69 dividend, with a high dividend yield of 610.0%.
• Research analysts have mixed ratings for AngloGold Ashanti, with four analysts giving a "buy" rating, while others have issued "hold" and "sell" ratings, indicating varied investor sentiment around the stock.

Polianta Ltd purchased a new position in AngloGold Ashanti PLC (NYSE:AU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,400 shares of the mining company's stock, valued at approximately $1,203,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AU. Wellington Management Group LLP acquired a new position in AngloGold Ashanti during the fourth quarter worth $392,000. Vanguard Capital Wealth Advisors bought a new position in AngloGold Ashanti in the 1st quarter valued at $221,000. Acadian Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at about $5,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of AngloGold Ashanti by 7.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 662,163 shares of the mining company's stock valued at $24,579,000 after purchasing an additional 48,274 shares during the period. Finally, Cerity Partners LLC bought a new stake in shares of AngloGold Ashanti in the first quarter worth $312,000. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock traded up $3.26 on Friday, reaching $67.86. The company's stock had a trading volume of 5,257,988 shares, compared to its average volume of 3,200,814. AngloGold Ashanti PLC has a 52-week low of $22.45 and a 52-week high of $68.01. The stock has a 50-day moving average price of $55.70 and a 200-day moving average price of $46.46. The company has a market capitalization of $28.48 billion, a P/E ratio of 18.05 and a beta of 0.54. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings data 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 company 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%. Analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

AngloGold Ashanti Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AU shares. Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research note on Monday, August 11th. Wall Street Zen lowered shares of 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 research report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti currently has an average rating of "Hold" and an average price target 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.