Forefront Wealth Management Inc. Makes New Investment in AngloGold Ashanti plc (NYSE:AU)

Forefront Wealth Management Inc. acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,891 shares of the mining company's stock, valued at approximately $875,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AU. Whittier Trust Co. bought a new stake in AngloGold Ashanti during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in shares of AngloGold Ashanti by 210.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after acquiring an additional 796 shares during the period. R Squared Ltd purchased a new stake in shares of AngloGold Ashanti in the 4th quarter worth $36,000. Decker Retirement Planning Inc. bought a new position in AngloGold Ashanti in the 4th quarter worth $69,000. Finally, SBI Securities Co. Ltd. purchased a new position in AngloGold Ashanti during the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Finally, Scotiabank lifted their price objective on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $34.00.

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AngloGold Ashanti Trading Down 0.2 %

NYSE:AU traded down $0.07 during mid-day trading on Wednesday, hitting $35.56. 1,049,468 shares of the stock traded hands, compared to its average volume of 2,315,110. AngloGold Ashanti plc has a 52 week low of $21.37 and a 52 week high of $36.69. The firm's 50 day moving average is $31.15 and its two-hundred day moving average is $27.99. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 11.11 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. On average, equities research analysts predict that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. AngloGold Ashanti's dividend payout ratio is presently 43.13%.

AngloGold Ashanti Company Profile

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.