Impact Partnership Wealth LLC Takes Position in AngloGold Ashanti PLC $AU

Impact Partnership Wealth LLC bought a new position in shares of AngloGold Ashanti PLC (NYSE:AU) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,797 shares of the mining company’s stock, valued at approximately $1,246,000.

A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in shares of AngloGold Ashanti by 5.9% during the 3rd quarter. Legal & General Group Plc now owns 5,136,739 shares of the mining company’s stock worth $361,310,000 after acquiring an additional 284,017 shares during the period. Massachusetts Financial Services Co. MA bought a new position in AngloGold Ashanti in the fourth quarter valued at approximately $13,777,000. Kestra Private Wealth Services LLC bought a new position in AngloGold Ashanti in the fourth quarter valued at approximately $1,139,000. Sprott Inc. raised its position in AngloGold Ashanti by 2.2% during the third quarter. Sprott Inc. now owns 770,670 shares of the mining company’s stock valued at $54,201,000 after purchasing an additional 16,828 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in AngloGold Ashanti during the fourth quarter valued at approximately $6,523,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 1.5%

Shares of AU opened at $80.57 on Wednesday. AngloGold Ashanti PLC has a 52 week low of $44.67 and a 52 week high of $129.14. The stock has a market capitalization of $40.68 billion, a price-to-earnings ratio of 11.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71. The stock has a fifty day moving average of $92.29 and a 200-day moving average of $97.43.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. As a group, sell-side analysts anticipate that AngloGold Ashanti PLC will post 8.91 earnings per share for the current fiscal year.

AngloGold Ashanti Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.8%. AngloGold Ashanti’s payout ratio is 68.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Scotiabank reduced their target price on AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. Wall Street Zen cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings cut AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Roth Mkm lowered their target price on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, Citigroup increased their target price on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti presently has an average rating of “Hold” and a consensus target price of $111.80.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.