AngloGold Ashanti (NYSE:AU – Get Free Report) issued its earnings results on Thursday. The mining company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05), FiscalAI reports. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.20 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.
AngloGold Ashanti Price Performance
Shares of NYSE:AU traded down $3.16 on Friday, hitting $79.17. The company had a trading volume of 7,344,615 shares, compared to its average volume of 2,992,036. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $39.97 billion, a PE ratio of 11.61 and a beta of 0.65. AngloGold Ashanti has a 52-week low of $45.36 and a 52-week high of $129.14. The business has a 50 day moving average of $84.53 and a 200 day moving average of $96.27.
AngloGold Ashanti Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $1.16 dividend. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Friday, May 29th. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 68.04%.
Analysts Set New Price Targets
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Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AU. Zions Bancorporation National Association UT purchased a new position in AngloGold Ashanti in the 4th quarter valued at about $31,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $34,000. Ancora Advisors LLC acquired a new position in shares of AngloGold Ashanti in the third quarter valued at approximately $35,000. Mcguire Capital Advisors Inc. acquired a new position in shares of AngloGold Ashanti in the fourth quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC lifted its stake in shares of AngloGold Ashanti by 454.1% during the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after buying an additional 386 shares during the period. 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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