Ritholtz Wealth Management Has $446,000 Position in AngloGold Ashanti PLC $AU

Key Points

• Ritholtz Wealth Management increased its position in AngloGold Ashanti PLC by 53.0% during the second quarter, bringing its total holdings to 9,793 shares valued at $446,000.
• AngloGold Ashanti recently announced a semi-annual dividend of $0.80 per share, up from $0.69, reflecting a significant boost and a payout ratio of 85.11%.
• The stock has experienced fluctuations, with a 12-month low of $22.45 and a high of $79.94, currently showing a market capitalization of $30.95 billion.

Ritholtz Wealth Management raised its position in AngloGold Ashanti PLC (NYSE:AU - Free Report) by 53.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,793 shares of the mining company's stock after acquiring an additional 3,393 shares during the quarter. Ritholtz Wealth Management's holdings in AngloGold Ashanti were worth $446,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC acquired a new stake in AngloGold Ashanti in the second quarter valued at $168,000. Yousif Capital Management LLC lifted its stake in AngloGold Ashanti by 102.6% in the second quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company's stock valued at $597,000 after acquiring an additional 6,636 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AngloGold Ashanti by 7.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 527,391 shares of the mining company's stock valued at $24,033,000 after acquiring an additional 37,400 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in AngloGold Ashanti by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,166 shares of the mining company's stock valued at $1,830,000 after acquiring an additional 4,545 shares during the last quarter. Finally, U S Global Investors Inc. lifted its stake in AngloGold Ashanti by 8.3% in the second quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company's stock valued at $2,962,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

Analyst Ratings Changes

AU has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Scotiabank reiterated a "sector perform" rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research note on Monday, August 11th. HSBC restated a "reduce" rating and set a $55.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Finally, Roth Capital set a $76.00 target price on AngloGold Ashanti and gave the stock a "buy" rating in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.00.

AngloGold Ashanti Stock Down 6.1%

Shares of AU opened at $73.75 on Monday. AngloGold Ashanti PLC has a 12 month low of $22.45 and a 12 month high of $79.94. The firm's 50 day moving average is $64.23 and its 200-day moving average is $51.81. The stock has a market capitalization of $30.95 billion, a PE ratio of 19.61 and a beta of 0.53. 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 (NYSE:AU - Get Free Report) last announced its 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 business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.29 billion. Equities research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS 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 issued a dividend of $0.80 per share. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a dividend yield of 610.0%. The ex-dividend date of this dividend was Friday, August 22nd. AngloGold Ashanti's payout ratio is 85.11%.

About AngloGold Ashanti

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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