IFP Advisors Inc Buys 246,452 Shares of AngloGold Ashanti PLC $AU

IFP Advisors Inc increased its stake in AngloGold Ashanti PLC (NYSE:AU) by 4,107,533.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,458 shares of the mining company’s stock after purchasing an additional 246,452 shares during the quarter. IFP Advisors Inc’s holdings in AngloGold Ashanti were worth $21,018,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AU. HHM Wealth Advisors LLC bought a new position in AngloGold Ashanti in the 3rd quarter worth $25,000. UMB Bank n.a. raised its holdings in AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after purchasing an additional 276 shares during the period. Ancora Advisors LLC purchased a new stake in AngloGold Ashanti in the 3rd quarter worth $35,000. CIBC Private Wealth Group LLC increased its stake in AngloGold Ashanti by 33.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after buying an additional 150 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after buying an additional 238 shares in the last quarter. 36.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AU shares. Citigroup increased their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm reiterated a “buy” rating and issued a $121.00 price target on shares of AngloGold Ashanti in a research note on Monday, May 11th. Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Scotiabank cut their price objective on 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. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti presently has an average rating of “Moderate Buy” and an average target price of $112.00.

AngloGold Ashanti Trading Down 4.5%

Shares of AngloGold Ashanti stock opened at $89.24 on Wednesday. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 13.08 and a beta of 0.60. The business has a 50-day moving average price of $98.72 and a 200-day moving average price of $95.42. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20. AngloGold Ashanti PLC has a twelve month low of $42.17 and a twelve month high of $129.14.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results 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 analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 37.17% and a net margin of 31.11%. Equities research analysts anticipate that AngloGold Ashanti PLC will post 9.26 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.16 dividend. 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 5.2%. The ex-dividend date is Friday, May 29th. AngloGold Ashanti’s dividend payout ratio (DPR) is 101.47%.

About AngloGold Ashanti

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.