GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Gold Companies Top the African-Based Companies Held by the Most Gurus

October 01, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which African-based companies are held by the most gurus. By doing this we found out that the top four companies held by gurus in Africa are based in the gold and natural minerals industries.

AngloGold Ashanti Limited (AU)


As of the close of the second quarter there were 11 guru owners of AngloGold Ashanti. During the past quarter there were four gurus buying shares of AU and there were 6 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 8.53%.

The top three shareholders of AngloGold Ashanti:

1. John Paulson: 27,935,500 shares, representing 7.25% of the company’s shares outstanding and 2.8% of his total assets managed.

2. Jean-Marie Eveillard: 26,926,608 shares, representing 6.99% of the company’s shares outstanding and 1.2% of his total portfolio.

3. NWQ Managers: 10,705,425 shares, representing 2.78% of the company’s shares outstanding and 1.3% of their total portfolio.

AngloGold Ashanti is a gold exploration, mining and marketing company that holds a portfolio of operations and projects on four continents and has a worldwide exploration program. The company is headquartered in Johannesburg, South Africa.

AngloGold Ashanti’s historical revenue and net income:

1380653570689.png

AngloGold announced earlier this week that its Tropicana Gold Mine began producing its first gold ahead of schedule and within budget. This means that the company has added new ounces at below the company’s current average cost structure and so improving the overall quality of its portfolio.

The company’s Q2 results highlighted:

· Gold production of 935koz, up 4% from the first quarter.

· Net debt of $2.78 billion, reflecting a net debt to EBITDA ratio of 1.56.

· No second quarter dividend declared because of the volatile gold environment.

· A program was enacted for corporate restructuring to cut costs.

The analysis reports that the company’s revenue has been in decline over the past year, it has issued $2.3 billion of debt over the past three years and its price is nearing a 10-year low.

AngloGold Ashanti has a market cap of $4.98 billion. Its shares are currently trading at around $12.90, a P/E ratio of 8.10, a P/S ratio of 0.90 and a P/B ratio of 1.40.

Gold Fields (GFI)

As of the close of the second quarter there were 10 guru owners of Gold Fields. During the past quarter there were 4 gurus buying shares of GFI and there were 5 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 5.11%.

Top three guru shareholders of Gold Fields:

1. Jean-Marie Eveillard: 55,579,795 shares, representing 0.91% of his total portfolio.

2. John Paulson: 6,529,748 shares, representing 0.24% of his total portfolio.

3. Jim Simons: 4,072,100 shares, representing 0.06% of his total assets managed.

Gold Fields is a South African gold mining company. The company works in exploration, extraction, processing and smelting. Their main product is gold bullion which is currently produced in South Africa, Ghana and Australia.

Gold Fields’ historical revenue and net income:

1380658502560.png

The company announced today that they have finalized the acquisitions of the Granny Smith, Lawlers and Darlot gold mines (collectively the Yilgarn South Assets) in Western Australia. The company acquired these assets for a total net consideration of $270 million.

The analysis on Gold Fields reports that the company’s operating margin is expanding, its price is at a 10-year low, its P/B ratio is at a 3-year low and its P/S ratio is at a10-year low.

The Peter Lynch Chart suggests that the company is currently undervalued:

1380658998591.png

Gold Fields has a market cap of $3.28 billion. Its shares are currently trading at around $4.44 with a P/E ratio of 5.00 and a P/S ratio of 0.60. The dividend yield of Gold Fields’ stock is 5.80%.

Sibanye Gold (SBGL)

As of the close of the second quarter there were 7 guru owners of Sibanye Gold. During the past quarter there were no gurus buying shares of SBGL and there were 5 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 0.39%.

The top three guru shareholders of Sibanye Gold:

1. Jean-Marie Eveillard: 8,445,000 shares, representing 0.08% of his total portfolio.

2. John Burbank: 2,633,158 shares, representing 0.25% of his total portfolio.

3. John Paulson: 1,632,435 shares, representing 0.03% of his total assets managed.

Sibanye Gold is a South African gold mining company. The company is engaged in underground and surface gold mining and related activities, including extraction and processing. All of the company’s operations are located in South Africa.

Sibanye Gold’s historical pricing:

1380660135203.png

Sibanye Gold has a market cap of $946.3 million. Its shares are trading at around $5.16 with a P/E ratio of 2.60 and a P/S ratio of 0.50.

Harmony Gold Mining (HMY)

As of the close of the second quarter there were 5 guru owners of Harmony Gold Mining. During the past quarter there were 2 gurus buying shares of HMY and there were 3 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 0.41%.

Top three guru shareholders of Harmony Gold Mining:

1. Jean-Marie Eveillard: 19,004,743 shares, representing 4.37% of the company’s shares outstanding and 0.23% of his total portfolio.

2. Jim Simons: 2,118,200 shares, representing 0.49% of the company’s shares outstanding and 0.02% of his total portfolio.

3. John Hussman: 1,000,000 shares, representing 0.23% of the company’s shares outstanding and 0.17% of his total portfolio.

Harmony Gold Mining and its subsidiaries are engaged in underground and surface gold mining and related activities, including exploration, extraction and processing. Gold bullion, the company's main product, is currently produced at its operations in South Africa.

Harmony Gold’s historical revenue and net income:

1380660916752.png

The analysis on Harmony reports that the revenue has been in decline over the past year, the dividend yield is nearing a 5-year high, the price is at a 2-year low and its P/B and P/S ratios are also trading at 10-year lows.

The Peter Lynch Chart suggests that the company is currently undervalued:

1380661099471.png

Harmony Gold Mining has a market cap of $1.43 billion. Its shares are currently trading at around $3.29 with a P/E ratio of 17.20, a P/S ratio of 0.70 and a P/B ratio of 0.40. The company had an annual average earnings growth of 3.20% over the past five years.

You can check out other top held sectors of the market by using the Aggregated Screener here.

Try a free 7-day premium membership.

Rating: 4.3/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK