Impact Partnership Wealth LLC Purchases Shares of 12,797 AngloGold Ashanti PLC $AU

Impact Partnership Wealth LLC purchased a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,797 shares of the mining company’s stock, valued at approximately $1,246,000.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in AngloGold Ashanti during the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at about $34,000. Mcguire Capital Advisors Inc. bought a new position in shares of AngloGold Ashanti during the fourth quarter worth about $36,000. Global Retirement Partners LLC raised its position in shares of AngloGold Ashanti by 454.1% during the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after acquiring an additional 386 shares during the last quarter. Finally, Reflection Asset Management acquired a new position in shares of AngloGold Ashanti in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analyst Ratings Changes

AU has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Scotiabank decreased their price objective on shares of AngloGold Ashanti from $134.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, March 20th. Citigroup lifted their target price on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Roth Mkm dropped their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Four 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.80.

AngloGold Ashanti Price Performance

Shares of AU opened at $80.57 on Wednesday. The firm has a market cap of $40.68 billion, a PE ratio of 11.81 and a beta of 0.60. AngloGold Ashanti PLC has a 52-week low of $44.67 and a 52-week high of $129.14. The business’s 50 day moving average price is $92.29 and its two-hundred day moving average price is $97.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.11 and a current ratio of 2.71.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. On average, equities analysts anticipate that AngloGold Ashanti PLC will post 8.91 EPS for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $1.16 dividend. The ex-dividend date 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 yield of 5.8%. AngloGold Ashanti’s dividend payout ratio is 68.04%.

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.