AngloGold Ashanti PLC (NYSE:AU) Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its position in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 13,908.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,526 shares of the mining company's stock after buying an additional 9,458 shares during the quarter. Spire Wealth Management's holdings in AngloGold Ashanti were worth $354,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of AngloGold Ashanti by 2.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 11,353 shares of the mining company's stock worth $424,000 after acquiring an additional 235 shares in the last quarter. NewEdge Advisors LLC grew its stake in AngloGold Ashanti by 9.4% in the fourth quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company's stock valued at $134,000 after purchasing an additional 500 shares during the last quarter. Forefront Wealth Management Inc. raised its holdings in AngloGold Ashanti by 1.7% in the first quarter. Forefront Wealth Management Inc. now owns 38,529 shares of the mining company's stock worth $1,430,000 after purchasing an additional 638 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after buying an additional 796 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Stock Performance

AngloGold Ashanti stock traded down $0.01 during mid-day trading on Thursday, reaching $46.65. 1,914,191 shares of the company traded hands, compared to its average volume of 2,863,704. The firm's fifty day moving average is $44.38 and its two-hundred day moving average is $35.86. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 15.35 and a beta of 0.48. AngloGold Ashanti PLC has a fifty-two week low of $22.45 and a fifty-two week high of $51.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.125 per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's dividend payout ratio (DPR) is 16.45%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AU shares. Wall Street Zen downgraded shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st. HSBC restated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Roth Capital upped their price target on AngloGold Ashanti from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.42.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.