TrueWealth Advisors LLC purchased a new position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,003 shares of the mining company's stock, valued at approximately $547,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of AngloGold Ashanti by 2.1% during the first quarter. Assenagon Asset Management S.A. now owns 11,353 shares of the mining company's stock worth $424,000 after acquiring an additional 235 shares during the period. Forefront Wealth Management Inc. increased its stake in shares of AngloGold Ashanti by 1.7% during the first quarter. Forefront Wealth Management Inc. now owns 38,529 shares of the mining company's stock worth $1,430,000 after acquiring an additional 638 shares during the period. Global Trust Asset Management LLC acquired a new position in AngloGold Ashanti during the first quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in AngloGold Ashanti during the first quarter worth about $30,000. Finally, SVB Wealth LLC acquired a new position in AngloGold Ashanti during the first quarter worth about $32,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped 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 restated 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 shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Wall Street Zen lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Roth Capital reiterated a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. 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. According to MarketBeat.com, AngloGold Ashanti presently has a consensus rating of "Hold" and an average target price of $49.60.
Check Out Our Latest Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Performance
NYSE:AU opened at $66.30 on Friday. 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 company has a market cap of $27.83 billion, a P/E ratio of 17.63 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 $66.45. The firm's 50 day moving average is $53.77 and its two-hundred day moving average is $45.21.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted 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 company had revenue of $2.45 billion for the quarter, compared to analysts' expectations 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 firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.69. This represents a dividend yield of 610.0%. AngloGold Ashanti's dividend payout ratio (DPR) is currently 85.11%.
About AngloGold Ashanti
(
Free Report)
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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