Abich Financial Wealth Management LLC Takes $467,000 Position in AngloGold Ashanti PLC $AU

Abich Financial Wealth Management LLC acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,634 shares of the mining company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC purchased a new stake in AngloGold Ashanti during the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 276 shares during the last quarter. Optimum Investment Advisors bought a new stake in shares of AngloGold Ashanti in the third quarter worth $35,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AngloGold Ashanti by 30.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after acquiring an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC purchased a new stake in AngloGold Ashanti during the third quarter valued at $53,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

NYSE AU opened at $104.84 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. AngloGold Ashanti PLC has a 12 month low of $28.44 and a 12 month high of $115.81. The stock has a market cap of $52.93 billion, a price-to-earnings ratio of 23.09 and a beta of 0.59. The company’s 50 day moving average is $94.51 and its two-hundred day moving average is $76.69.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Roth Mkm upped their price target on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, Scotiabank upped their target price on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.