TrueWealth Advisors LLC Purchases New Shares in AngloGold Ashanti PLC $AU

Key Points

• TrueWealth Advisors LLC has invested approximately $547,000 in AngloGold Ashanti PLC, acquiring 12,003 shares during the second quarter.
• Analysts have mixed views on the stock, with JPMorgan raising the target price to $63.00, while Zacks downgraded the stock to a "strong sell" rating.
• AngloGold Ashanti increased its semi-annual dividend to $0.80, up from the previous $0.69, reflecting a significant dividend yield of 610.0%.

TrueWealth Advisors LLC acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,003 shares of the mining company's stock, valued at approximately $547,000.

Several other large investors also recently added to or reduced their stakes in AU. Wellington Management Group LLP purchased a new position in shares of AngloGold Ashanti during the fourth quarter valued at approximately $392,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $221,000. Acadian Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $5,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AngloGold Ashanti by 7.9% in the first 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 purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $312,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Performance

AU traded up $2.26 on Friday, reaching $66.86. The company had a trading volume of 1,244,379 shares, compared to its average volume of 3,131,886. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $67.67. The stock has a market capitalization of $28.06 billion, a PE ratio of 17.78 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. The stock has a 50-day moving average price of $55.28 and a 200-day moving average price of $46.09.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.29 billion. As a group, research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.80 dividend. 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 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. JPMorgan Chase & Co. boosted 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. Zacks Research downgraded shares of AngloGold Ashanti from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. Scotiabank reaffirmed a "sector perform" rating and set a $55.00 price target on shares of AngloGold Ashanti in a research report on Monday, August 11th. Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, AngloGold Ashanti currently has a consensus rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Company 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.