AngloGold Ashanti PLC (NYSE:AU – Get Free Report) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $111.6667.
A number of equities analysts have recently commented on AU shares. Royal Bank Of Canada reduced their price objective on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Thursday. Roth Capital lowered their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Scotiabank dropped their price target on shares of 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. Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, Citigroup lifted their price objective on AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, June 9th.
Check Out Our Latest Stock Analysis on AU
AngloGold Ashanti Stock Performance
AngloGold Ashanti (NYSE:AU – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. As a group, research analysts expect that AngloGold Ashanti will post 8.91 EPS for the current year.
AngloGold Ashanti Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $1.16 per share. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 5.7%. AngloGold Ashanti’s dividend payout ratio is 68.04%.
Institutional Trading of AngloGold Ashanti
A number of large investors have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in shares of AngloGold Ashanti during the first quarter valued at $321,000. Northwestern Mutual Wealth Management Co. increased its position in shares of AngloGold Ashanti by 30.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of AngloGold Ashanti by 106.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the mining company’s stock worth $153,000 after purchasing an additional 1,734 shares in the last quarter. First Trust Advisors LP increased its position in shares of AngloGold Ashanti by 88.4% during the 2nd quarter. First Trust Advisors LP now owns 136,543 shares of the mining company’s stock worth $6,200,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in AngloGold Ashanti during the 2nd quarter valued at about $1,740,000. 36.09% of the stock is currently owned by institutional investors.
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.
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