Shares of AngloGold Ashanti plc (NYSE:AU – Get Free Report) have received an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $33.67.
A number of research firms have issued reports on AU. Scotiabank restated a “sector underperform” rating and set a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. BMO Capital Markets upped their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th.
Read Our Latest Stock Analysis on AU
Institutional Trading of AngloGold Ashanti
AngloGold Ashanti Stock Down 1.6 %
Shares of NYSE:AU opened at $29.50 on Friday. AngloGold Ashanti has a 12 month low of $15.60 and a 12 month high of $32.57. The company’s 50-day moving average price is $28.71 and its two-hundred day moving average price is $26.61. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48. The firm has a market cap of $12.35 billion, a P/E ratio of 9.22 and a beta of 0.98.
AngloGold Ashanti (NYSE:AU – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $0.17 EPS. As a group, research analysts forecast that AngloGold Ashanti will post 2.5 EPS for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.22 dividend. This represents a dividend yield of 0.7%. This is an increase from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19. The ex-dividend date of this dividend was Friday, August 30th. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 13.75%.
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.
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