Vigilare Wealth Management Purchases New Shares in AngloGold Ashanti PLC $AU

Key Points

• Vigilare Wealth Management acquired a new stake in AngloGold Ashanti, purchasing 6,201 shares valued at approximately $283,000 during the second quarter.
• AngloGold Ashanti recently announced a semi-annual dividend increase from $0.69 to $0.80 per share, reflecting a yield of 610.0%.
• Analysts have shown a positive outlook for AngloGold Ashanti, with JPMorgan raising its target price from $58.00 to $63.00 and maintaining an "overweight" rating.

Vigilare Wealth Management purchased a new stake in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,201 shares of the mining company's stock, valued at approximately $283,000.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AngloGold Ashanti by 0.7% during the first quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock valued at $787,791,000 after purchasing an additional 145,125 shares in the last quarter. Russell Investments Group Ltd. raised its stake in AngloGold Ashanti by 2.4% during the first quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company's stock valued at $150,054,000 after purchasing an additional 95,668 shares in the last quarter. Ninety One UK Ltd raised its stake in AngloGold Ashanti by 19.8% during the first quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company's stock valued at $86,774,000 after purchasing an additional 386,078 shares in the last quarter. Invesco Ltd. raised its stake in AngloGold Ashanti by 0.4% during the first quarter. Invesco Ltd. now owns 2,006,411 shares of the mining company's stock valued at $74,478,000 after purchasing an additional 8,486 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in AngloGold Ashanti by 25.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,963,318 shares of the mining company's stock valued at $72,878,000 after purchasing an additional 398,684 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AU shares. JPMorgan Chase & Co. increased their target price on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Scotiabank reissued a "sector perform" rating and issued a $55.00 target price on shares of AngloGold Ashanti in a research note on Monday, August 11th. Roth Capital reaffirmed a "buy" rating on shares of AngloGold Ashanti in a research note on Friday, August 1st. Wall Street Zen raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Finally, Zacks Research raised shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research note on Monday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $49.60.

AngloGold Ashanti Stock Up 1.6%

Shares of AngloGold Ashanti stock opened at $70.39 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.99 and a quick ratio of 2.22. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $71.41. The firm's 50-day moving average is $58.49 and its two-hundred day moving average is $48.25. The stock has a market cap of $29.54 billion, a price-to-earnings ratio of 18.72 and a beta of 0.54.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, August 1st. The mining company reported $1.25 earnings per share (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. As a group, research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The firm 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 represents a yield of 610.0%. The ex-dividend date was Friday, August 22nd. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.69. AngloGold Ashanti's dividend payout ratio (DPR) is currently 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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