Shares of AngloGold Ashanti PLC (NYSE:AU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $84.43, but opened at $79.67. AngloGold Ashanti shares last traded at $80.8420, with a volume of 860,194 shares.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AU. Weiss Ratings downgraded shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Scotiabank dropped their price objective 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. Citigroup raised their target price on shares of AngloGold Ashanti from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus target price of $114.00.
Read Our Latest Analysis on AngloGold Ashanti
AngloGold Ashanti Price Performance
AngloGold Ashanti (NYSE:AU – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.26 billion. On average, equities research analysts anticipate that AngloGold Ashanti PLC will post 9.26 EPS for the current year.
AngloGold Ashanti Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 dividend on an annualized basis and a dividend yield of 5.8%. AngloGold Ashanti’s dividend payout ratio is 68.04%.
Institutional Trading of AngloGold Ashanti
A number of hedge funds have recently made changes to their positions in AU. Ascentis Independent Advisors acquired a new stake in shares of AngloGold Ashanti during the first quarter worth approximately $26,000. Zions Bancorporation National Association UT acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth approximately $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth approximately $34,000. Ancora Advisors LLC acquired a new stake in shares of AngloGold Ashanti during the third quarter worth approximately $35,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 36.09% of the company’s stock.
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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