Vanguard Personalized Indexing Management LLC Boosts Stock Position in AngloGold Ashanti PLC $AU

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in AngloGold Ashanti PLC by 12.8%, owning a total of 40,166 shares valued at approximately $1.83 million.
• AngloGold Ashanti recently announced an increase in its semi-annual dividend from $0.69 to $0.80 per share, representing a yield of 610.0%.
• Wall Street analysts have given mixed ratings on AngloGold Ashanti, with a consensus rating of "Hold" and an average target price of $58.00.

Vanguard Personalized Indexing Management LLC raised its stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,166 shares of the mining company's stock after acquiring an additional 4,545 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in AngloGold Ashanti were worth $1,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AU. Acadian Asset Management LLC purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $5,538,000. Forefront Wealth Management Inc. raised its stake in shares of AngloGold Ashanti by 46.8% during the 2nd quarter. Forefront Wealth Management Inc. now owns 56,545 shares of the mining company's stock worth $2,577,000 after buying an additional 18,016 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of AngloGold Ashanti by 8.3% during the 2nd quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company's stock worth $2,962,000 after buying an additional 5,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AngloGold Ashanti by 7.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 662,163 shares of the mining company's stock worth $24,579,000 after buying an additional 48,274 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $312,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AU has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of AngloGold Ashanti in a research note on Wednesday, October 8th. Scotiabank reissued a "sector perform" rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Monday, August 11th. Wall Street Zen raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, HSBC reaffirmed a "reduce" rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, AngloGold Ashanti has a consensus rating of "Hold" and an average target price of $58.00.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $78.52 on Friday. The business's fifty day moving average price is $63.90 and its two-hundred day moving average price is $51.36. The stock has a market cap of $32.96 billion, a PE ratio of 20.88 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $79.94.

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 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 net margin of 23.60% and a return on equity of 22.54%. On average, analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 5th. Shareholders 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. The ex-dividend date was Friday, August 22nd. This represents a yield of 610.0%. AngloGold Ashanti's payout ratio is currently 85.11%.

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.

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