ASX Share rice
Thu 13 Aug 2020 - 03:17:am (Sydney)

AGG Share Price

ANGLOGOLD ASHANTI LIMITEDAGGMaterials

AGG Company Information

Name:

AngloGold Ashanti Limited

Sector:

Basic Materials

Industry:

Gold

Address:

76 Rahima Moosa Street Johannesburg South Africa 2001

Phone:

27 11 637 6000

Full Time Employees:

26000

CEO & Exec. Director:

Mr. Kelvin P. M. Dushnisky B.Sc., L.L.B., B.Sc. (Hon.), J.D., M.Sc., LL.B.

CFO & Exec. Director:

Ms. Kandimathie Christine Ramon C.A., BCompt, BCompt (Hons), CA(SA)

Exec. VP of Corp. Devel. & Strategy:

Mr. Pierre D. Chenard L.L.B.

Exec. VP of Group HR:

Ms. Tirelo Sibisi M.B.A., MBA

Exec. VP of Group Planning & Technical:

Mr. Graham J. Ehm B.Sc., M.A.I.C.D., BSc Hons, MAusIMM, MAICD

Company Overview:

AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and three projects in nine countries in South Africa, Continental Africa, the Americas, and Australia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

AGG Share Price Information

Shares Issued:

2.08B

Market Capitalisation:

$16.91B

Dividend per Share:

$0.03

Ex Dividend Date:

2020-03-12

Dividend Yield:

0.37%

Revenue (TTM):

$3.91B

Revenue Per Share (TTM):

$9.32

Earnings per Share:

$0.7

Profit Margin:

0.0755

Operating Margin (TTM):

$0.25

Return On Assets (TTM):

$0.08

Return On Equity (TTM):

$0.22

Quarterly Revenue Growth (YOY):

0.264

Gross Profit(TTM):

$0.90B

Diluted Earnings Per Share (TTM):

$0.7

QuarterlyEarnings Growth(YOY):

2.901

AGG CashFlow Statement

CashFlow Date:

2019-12-31

Investments:

$-743,000,000

Change To Liabilities:

$40M

Total Cashflow From Investing Activities:

$-743,000,000

Net Borrowings:

$3M

Net Income:

$-7,000,000

Total Cash From Operating Activities:

$1.05B

Depreciation:

$583M

Other Cashflow From Investing Activities:

$-20,000,000

Dividends Paid:

$-43,000,000

Change To Inventory:

$-67,000,000

Change To Account Receivables:

$-138,000,000

Capital Expenditures:

$703M

AGG Income Statement

Income Date:

2019-12-31

Income Before Tax:

$619M

Net Income:

$-7,000,000

Gross Profit:

$899M

Operating Income:

$606M

Other Operating Expenses:

$81M

Interest Expense:

$129M

Income Tax Expense:

$250M

Total Revenue:

$3.53B

Total Operating Expenses:

$2.92B

Cost Of Revenue:

$2.63B

AGG Balance Sheet

Balance Sheet Date:

2019-12-31

Intangible Assets:

$7M

Total Liabilities:

$4.19B

Total Stockholder Equity:

$2.64B

Other Current Liabilities:

$272M

Total Assets:

$6.86B

Common Stock:

$17M

Other Current Assets:

$634M

Retained Earnings:

$-4,559,000,000

Other Liabilities:

$1.05B

Good Will:

$116M

Other Assets:

$351M

Cash:

$456M

Total Current Liabilities:

$1.44B

Short-Term Debt:

$734M

Property - Plant & Equipment:

$2.75B

Net Tangible Assets:

$2.52B

Long-Term Investments:

$1.66B

Total Current Assets:

$1.98B

Long-Term Debt:

$1.30B

Net Receivables:

$47M

Short-Term Investments:

$4.88B

Inventory:

$632M

Accounts Payable:

$363M

Non Currrent Assets (Other):

$124M

Short-Term Investments:

$4.88

Non Current Liabilities Total:

$2.75B

AGG Share Price History

AGG News

11 Aug, 2020
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07 Aug, 2020
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06 Aug, 2020
Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its second quarter ended June 30, 2020. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.
05 Aug, 2020
(Bloomberg) -- An unexpected demand boost for dirty fuel oil is poised to ease with the return of some OPEC+ crude supply from this month.Cuts by the producer alliance combined with sanctions on Venezuela and Iran, hitting supplies of heavier crude and forcing processors from the U.S. to India to boost buying of high-sulfur fuel oil to use as an alternative feedstock in their refineries. Typically a by-product of crude refining, increased demand upended trade flows and drove the market into a deep deficit, but supply is expected to become more abundant as refiners switch back to crude with OPEC+ opening the taps.While a large chunk of the fuel was previously used to power ships, consumption has waned after new regulations were implemented this year mandating vessels use cleaner burning fuels unless they are fitted with expensive pollution kits. The recent demand surge also coincided with a seasonal boost from the Middle East, which imports fuel oil for use in electricity generation during the hotter summer months.Saudi Arabia has been forced to tap alternative markets for its power-station fuel due to intensifying competition, while Indian high-sulfur fuel oil purchases more than tripled through January to July from a year earlier. Shipments typically bound for Singapore from Europe and Russia have been diverted to the U.S. for refinery feedstock, said Serena Huang, a senior analyst with Vortexa Ltd.Refiners in Thailand and South Korea have also purchased more fuel oil in recent months to use as an alternative feedstock, according to traders familiar with the matter. The timing of their imports was in-line with sharp cuts to supplies from nations such as Saudi Arabia and Iraq, two producers that tend to export sulfurous and high-density crude.Tight MarketHigh-sulfur fuel oil prices in Singapore flipped into backwardation in early July for the first time since February, according to Bloomberg Fair Value data, signaling tighter supply.The market tightened to a deficit of more than 500,000 barrels a day last month, more than the five-year average, according to JBC Energy. The shortage is expected to ease to a “more normal” 100,000 barrels a day by the end of the year, said JBC, while Wood Mackenzie Ltd. also sees supply tightness moderating. Refiners can use fuel oil as a feedstock for secondary units at a plant to produce fuels such as diesel and other higher-end products.Complex refiners such as India’s Reliance Industries Ltd., PetroChina Co. and Sinopec, which have the secondary units to upgrade fuel oil, would benefit the most because they have the flexibility to use the alternative feedstock when heavy crude isn’t available, said Sushant Gupta, research director of Asia Pacific refining at Wood Mackenzie. That compares with simple refiners in Europe that had to shut down or cut run rates after crude became too expensive, according to JBC.However, as OPEC+ rolls back historic curbs and return more supplies to the market, refiners tailored to process heavy-sour crudes will revert to the more familiar feedstock, reducing their purchases of fuel oil.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
04 Aug, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
31 Jul, 2020
(Bloomberg) -- AngloGold Ashanti Ltd.’s chief executive officer was pushed to leave after shareholders asked for further investigations into a bonus payment by his former employer that he didn’t initially disclose, according to people familiar with the matter.The mining company announced on Thursday that Kelvin Dushnisky would step down after only two years. That followed a demand from a major shareholder, South Africa’s Public Investment Corp., for an independent probe into a payment of $926,000 from Barrick Gold Corp., according to the people, who asked not to be identified as the details aren’t public.The world’s third-largest gold miner hired Dushnisky from Barrick to steer a new growth path, and under his management he started to the sell mines in South Africa and Mali. AngloGold has declined 9% in Johannesburg trading since it was announced he’s leaving. The shares have risen fivefold since the CEO’s arrival as the price of gold soared.Before starting work at AngloGold, Dushnisky agreed to a signing bonus to make up for a payment from Barrick that he would lose out on as the company wanted him to start work before year-end. When it was published in Barrick’s annual report that it did pay him the bonus, the CEO was asked by the board to repay the $800,000.While the board had found that there was a breach of trust and a “mistake in judgment,” it didn’t take further action. After the demand for a probe by the PIC, Africa’s biggest fund manager that owns about 12% of Anglogold shares, the company then pushed for Dushnisky to resign or face a potentially damaging investigation, the people said.“AngloGold Ashanti’s board rejects as false any allegation that it threatened the company’s CEO with an investigation into the matter of a bonus. Neither did the board request Mr. Dushnisky’s resignation, which was a personal decision that we respect and understand,” AngloGold said in an e-mailed response.“The PIC can state that it has formally written to the AngloGold board to raise its concerns” related to the payments, it said in an emailed response to Bloomberg News last month. The PIC had said it’s awaiting a “response on actions that will be taken by the company.”The PIC didn’t immediately respond to emailed questions on Friday.For more on CEO resignation, click hereThe CEO resigned to be closer to his family in Toronto, AngloGold said in an emailed response to questions on Thursday. Dushnisky didn’t respond to calls and a text message seeking comment.Dushnisky will step down on Sept. 1, but will work with AngloGold from Toronto until Feb. 28 to ensure a smooth handover, the company said. Chief Financial Officer Christine Ramon will be interim CEO while it searches for a replacement.(Updates with AngloGold response in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
28 Jul, 2020
Sierra Wireless President & CEO, and CFO will host a conference call and webcast to review the results at 7:30 a.m. ET the same day.
23 Jul, 2020
The transaction strengthens Sierra Wireless' focus on its high-value IoT Solutions business.
22 Jul, 2020
(Bloomberg) -- Asian oil refiners, beware. China’s churning out cheap gasoline and it’s pulling the rug from under the sector’s recovery.Chinese fuel producers are ramping up gasoline exports as stockpiles stay swollen amid softer demand due to flooding and a resurgence of virus infections. This comes after a short reprieve in May when some state-owned refiners diverted more motor fuel to local markets when people opted for private over public transport, supporting post-lockdown consumption.The country’s average daily exports of gasoline in July is currently at the highest level in four months as Chinese refiners pour more gasoline into regional markets. The flood of spot cargoes into Asia contributed to weaker gasoline prices in the region and caused prompt supplies to fall to a discount to later-loading oil, also known as a contango.“We expect Chinese gasoline exports to increase heavily over the third quarter in line with higher planned refinery runs and improving export margins,” said Sandra Octavia, an analyst at Energy Aspects, estimating shipments will rise to 350,000-400,000 barrels a day this quarter. “Over the near term, gasoline cracks and spreads risk a downward correction on higher regional supplies.”Shipments of the motor fuel from China averaged 294,400 barrels per day this month through to July 16, the highest since March and up from 226,400 barrels a day in June, according to energy analytics firm Vortexa Ltd. Exports in May tumbled after Sinopec, PetroChina and one of Sinochem’s largest refineries pulled back on foreign sales to prioritize local customers.As the region grapples with a surge in supply, it’s also facing a bleak demand outlook. Global gasoline consumption is expected to drop by 1.7 million barrels a day in the second half of 2020 from a year earlier, according to JBC Energy.Squeezed ProfitsWhile Chinese refiners enjoyed better returns from local fuel sales when oil was under $40 a barrel -- thanks to a floor price that prevented domestic fuel costs from falling beyond that point -- these processors no longer have an incentive to sell within the country following oil’s rebound.Now, as more Chinese gasoline supplies enter the Asian market, profits from turning crude into the motor fuel are easing alongside falling spot differentials for physical cargoes. The rebound in so-called gasoline crack spreads have since taken a pause, data from Bloomberg Fair Value showed, while spot differentials for physical cargoes slipped.Last week, state-owned CNOOC sold a shipment of gasoline for loading in August at a discount of 40 to 60 cents to the Singapore benchmark price, compared with a July cargo that traded last month at between parity and a premium of 20 cents. China’s West Pacific Petrochemical Corp. also sold a gasoline cargo for loading in mid-August at a sharp discount last seen during the peak of the virus outbreak in March, said traders who asked not to be identified.Chinese fuel makers have increased their gasoline exports due to factors such as lower margins from marketing fuels domestically, said Serena Huang, lead Asia analyst at Vortexa. Singapore remains the favored destination for Chinese gasoline, followed by the Philippines and Australia, she added.(Updates with JBC Energy forecast in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
13 Jul, 2020
The Zacks Analyst Blog Highlights: Harmony Gold Mining, Galiano Gold, Alamos Gold, AngloGold Ashanti and Sandstorm Gold
10 Jul, 2020
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09 Jul, 2020
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08 Jul, 2020
Global gold-backed exchange-traded funds (ETF) recorded seventh consecutive month of positive flows in June and closed the first half of 2020 with record holding of 3,321 tons.
03 Jul, 2020
(Bloomberg Opinion) -- The national security law China imposed on Hong Kong this week will damage civil liberties with long jail sentences and grant  immunity to Chinese agents working in the territory. For investors who depend on the city as a financial center, though, there may be an extra sting in the tail.The law could increase self-censorship by Hong Kong’s analysts and economists, and damage the credibility of research reports, the Financial Times reported this week. The need to maintain relationships with mainland clients has influenced coverage in the past, but many fear the new law will exacerbate this trend.It’s a bit late to be worrying about that, though. Self-censorship isn’t just a matter of avoiding gratuitous digs and glib phrases. If you look at the ratings given by equity analysts in recent years, it seems to include portraying companies with strong mainland connections as better investments than they actually are.Take the 50 companies on the Hang Seng Index. You can easily break them into three groups: 15 Chinese state-owned enterprises, or SOEs, such as Bank of China Ltd. and PetroChina Ltd.; 13 civilian-controlled mainland Chinese businesses, or COEs, such as Tencent Ltd. and Sino Biopharmaceutical Ltd.; and 22 other, mostly locally controlled stocks, such as HSBC Holdings Plc, CK Hutchison Holdings Ltd. and AIA Group Ltd(1). Then look at the extent to which analysts’ consensus target prices have exceeded actual stock prices in recent years. SOEs get the most favorable treatment, with target prices exceeding actual prices by an average of 24% since the start of 2016, compared to 16% for the COEs and 13% for non-mainland companies.It’s not just in Hong Kong that brokers’ target prices tend to run higher than the actual market — there’s a reason they’re called sell-side analysts. China is still an emerging market, too, so it’s not impossible that its stocks simply have more upside than those operating out of a mature economy such as Hong Kong. So perhaps the reason state-owned enterprises get a target price premium over local companies is simply that they’re better investments that will deliver higher returns to investors?If only. Thanks to booming tech and biotech stocks and the huge run-up in prices during 2017, civilian-owned Chinese companies did achieve pretty stunning average total returns of 31% over the past four-and-a-half years. SOEs, however, averaged a measly 1.9%, far less than the 6.1% achieved by the non-mainland stocks.It’s not totally irrational that possessing a wealthy patron should be seen as an advantage for some investments. The Chinese state tends to put its thumb heavily on the scales in favor of its own organs, with diminishing benefits the further you get from the commanding heights of the economy, as my colleague Shuli Ren has written.In particular, it’s logical for credit analysts to give state-owned enterprises a better rating than those that can’t count on the backing of the Chinese government to bail them out. Even there, you’ve not been paying attention if you think the interests of private bondholders are going to be treated equally with those of better-connected investors.Still, when looking at the equity market, the proof should be in the pudding. If analysts predict a stock will consistently outperform — as they tend to do in relation to SOEs — then it should do that. If not, they’re either bad at their jobs or misleading their clients.There are many things to worry about in Hong Kong’s new national security law. The integrity of equity research is probably not one of them. Sell-side brokers themselves gave that away long ago.(1) We've equal-weighted each of these baskets of stocks so that a few stocks with huge market caps like Tencent, HSBC or China Construction Bank don't skew the overall result.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
30 Jun, 2020
The Zacks Analyst Blog Highlights: AngloGold Ashanti, Barrick Gold, Harmony Gold Mining Company, Galiano Gold and Agnico Eagle Mines
28 Jun, 2020
(Bloomberg Opinion) -- It’s the mother of all payouts.The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.That makes Chief Executive Officer Amin Nasser’s promise to continue that level of returns for the next five years an extraordinary vote of confidence in an oil market awash with uncertainties. Saudi Aramco will be prepared to borrow money to ensure that it meets its commitment this year despite oil prices heading into negative territory, he said this month.Running up debts to keep the dividend on track is standard practice for energy companies amid the carnage of 2020’s oil market — except for those, like Shell, which plan to cut payouts altogether. You only want to fund dividends out of borrowings, though, if you’re certain it’ll be a strictly temporary measure. The risk for Aramco is that upholding such a long-term promise to shareholders will bend its entire business out of shape, just when it needs to be especially nimble as crude demand slows and goes into reverse. The core of Aramco’s profitability is its astonishingly low production costs, with operating expenses amounting to not much more than $8 a barrel of oil and equivalent products last year. It’s remarkable how quickly the spending adds up, though. Royalties paid to the Saudi state alone added another $10 a barrel or so, while corporate income tax came to around $19 a barrel and dividends swallowed a further $15. Once all those tolls were paid, Aramco didn’t have a lot of spare change left out of $60-a-barrel oil, let alone the stuff in the $40-a-barrel range it’s selling at the moment.A firm dividend policy is an unusually inflexible cost. Unlike the royalties and income taxes levied as a percentage of Aramco’s revenues and profits, payouts don’t automatically shrink if the price of crude declines. If anything, the burden per barrel rises further when prices and output fall. Perhaps in recognition of this, the Saudi state has from the start agreed to forgo its portion of any payouts to the extent that receiving them would get in the way of Umm-and-Abu investors getting their share(1). That may help maintain a theoretical $75 billion-a-year payout but it makes a nonsense of the idea that all shareholders are equal, not to mention the principle that a dividend policy is some sort of a commitment to future earnings. It’s not clear, either, why a company with this get-out clause would want to take on debt to meet its promised payments, although Aramco’s borrowing costs are essentially identical to those of the Saudi state.Dividends aren’t the end of Aramco’s committed spending. Its purchase of a majority stake in chemicals company Saudi Basic Industries Corp., or Sabic, was completed this month, committing it to about $69 billion of payments over the next six years — even after a restructured plan pushed the bulk of the cash outflow toward the middle of the decade.Then there’s a potential $15 billion investment in Reliance Industries Ltd.’s Jamnagar refinery in India, $20 billion on a separate planned chemicals venture with Sabic, plus Sabic’s own $5 billion a year or so of capital spending which will now sit on Aramco’s balance sheet.Add it all up and the picture is troubling. It’s likely to be several years before operating cash flows rise above $100 billion a year again, even with Sabic’s business consolidated. If Aramco wants to spend three-quarters of that sum on its dividend while laying out $10 billion to $15 billion annually for Sabic’s finance and investment costs, then capex on its core operations will have to fall to a third or less of the $35 billion-odd that the company was spending until recently. For all that executives are confident of their ability to increase production at very low costs, that sort of belt-tightening would make the easiest route to higher profits — lifting crude output from its pre-Covid 10 million daily barrels to around 13 million — extraordinarily difficult to achieve.That path is likely to be constrained, anyway, by several years of weak demand growth as the world recovers from Covid-19. Not to mention the fact that Aramco’s importance to the oil market rests on the proposition that increases in its output, coordinated via OPEC+, should make prices move in the opposite direction, resulting in little by way of net revenue gains for the company.Unlike most of its competitors, Saudi Aramco doesn’t really need to be so focused on dividends. All but 1.5% of its shares are held by the same state that’s hoovering up royalty and tax payments further up the income statement. Riyadh shouldn’t really care how it’s getting paid, as long as it’s getting paid.That dividend policy looks more like a swaggering attempt to hold back the tide of an oil market on the edge of terminal decline. The quicker Aramco acknowledges that, the better equipped it will be to handle the coming turmoil.(1) Americans would call them "Mom-and-Pop shareholders."This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
26 Jun, 2020
In this article you are going to find out whether hedge funds think Sierra Wireless, Inc. (NASDAQ:SWIR) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
25 Jun, 2020
Coronavirus jitters led to sell-off in equities on Jun 24 and investors rushed to traditional safe havens, such as gold.

AGG Dividend Payments

EX-Date Dividend Amount
2010-08-30$0.0208
2011-03-06$0.0229
2011-11-27$0.0217
2012-03-04$0.0497
2012-05-29$0.0208
2012-08-27$0.0196
2012-11-25$0.0091
2013-03-07$0.0092
2013-05-27$0.0091
2017-03-22$0.0222
2018-03-19$0.7000
2019-03-20$0.0149
2020-03-11$0.0312

AGG Dividends (last 8 Years)