SteelPeak Wealth LLC Acquires Shares of 24,999 AngloGold Ashanti PLC $AU

SteelPeak Wealth LLC acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,999 shares of the mining company’s stock, valued at approximately $2,434,000.

Other large investors have also added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in AngloGold Ashanti in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new position in AngloGold Ashanti in the fourth quarter worth $31,000. Garton & Associates Financial Advisors LLC purchased a new position in AngloGold Ashanti in the fourth quarter worth $34,000. Mcguire Capital Advisors Inc. bought a new position in AngloGold Ashanti in the fourth quarter valued at $36,000. Finally, Global Retirement Partners LLC increased its stake in AngloGold Ashanti by 454.1% in the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after acquiring an additional 386 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 0.5%

Shares of NYSE:AU opened at $76.75 on Friday. The stock has a market capitalization of $38.75 billion, a P/E ratio of 11.25 and a beta of 0.65. The stock’s 50-day moving average price is $87.82 and its 200-day moving average price is $96.81. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. AngloGold Ashanti PLC has a 12-month low of $45.36 and a 12-month high of $129.14.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The company had revenue of $3.24 billion during 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%. On average, equities analysts anticipate that AngloGold Ashanti PLC will post 8.91 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $1.16 dividend. The ex-dividend date was Friday, May 29th. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 6.0%. AngloGold Ashanti’s dividend payout ratio is presently 68.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Scotiabank lowered their price target on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a research report on Tuesday. Zacks Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Citigroup reduced their price objective on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada decreased their price objective on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.50.

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.