Impact Partnership Wealth LLC Buys Shares of 20,015 AngloGold Ashanti PLC $AU

Impact Partnership Wealth LLC purchased a new position in AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,015 shares of the mining company’s stock, valued at approximately $1,408,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AU. HHM Wealth Advisors LLC purchased a new position in AngloGold Ashanti in the 3rd quarter worth about $25,000. Optimum Investment Advisors bought a new stake in shares of AngloGold Ashanti in the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock valued at $47,000 after purchasing an additional 238 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in AngloGold Ashanti by 330.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 964 shares of the mining company’s stock valued at $68,000 after purchasing an additional 740 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in AngloGold Ashanti in the second quarter worth approximately $69,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Down 7.3%

AngloGold Ashanti stock opened at $107.27 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. The stock has a market capitalization of $48.57 billion, a PE ratio of 23.63 and a beta of 0.58. The business has a 50 day simple moving average of $90.97 and a 200-day simple moving average of $72.99. AngloGold Ashanti PLC has a 12 month low of $28.44 and a 12 month high of $115.81.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. On average, analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $3.64 dividend on an annualized basis and a yield of 3.4%. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 80.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AU shares. Scotiabank boosted their target price on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup lifted their price objective on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Roth Mkm raised their target price on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

AngloGold Ashanti 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.