AngloGold Ashanti PLC (AU) To Go Ex-Dividend on November 27th

AngloGold Ashanti PLC (NYSE:AU – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Friday, November 27th will be paid a dividend of $0.1250 per share by the mining company on Friday, December 11th. This represents a $0.50 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 27th. This is a 82.6% decrease from AngloGold Ashanti’s previous quarterly dividend of $0.72.

AngloGold Ashanti has raised its dividend by an average of 1.0% annually over the last three years. AngloGold Ashanti has a dividend payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AngloGold Ashanti to earn $8.01 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 6.2%.

AngloGold Ashanti Stock Performance

Shares of AngloGold Ashanti stock opened at $92.96 on Friday. AngloGold Ashanti has a 52 week low of $67.82 and a 52 week high of $129.14. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $46.94 billion, a P/E ratio of 12.09 and a beta of 0.72. The company has a 50 day moving average price of $95.71 and a 200 day moving average price of $96.52.

AngloGold Ashanti (NYSE:AU – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The mining company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.22). The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.89 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. Sell-side analysts expect that AngloGold Ashanti will post 8.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AU shares. The Goldman Sachs Group assumed coverage on shares of AngloGold Ashanti in a report on Thursday, October 15th. They issued a “buy” rating and a $104.00 target price on the stock. Scotiabank decreased their price target on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. BMO Capital Markets cut shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a report on Thursday, September 10th. Citigroup decreased their price objective on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $118.35.

View Our Latest Report on AU

AngloGold Ashanti Company Profile

(Get Free Report)

AngloGold Ashanti is a global gold mining company that explores for, develops and operates gold mines. Gold is its primary product, and the company also produces silver and other by-products at some operations.

The company’s operations and projects span Africa, Australia and the Americas. Its portfolio includes mines and development projects in countries such as Ghana, Tanzania, Guinea, Australia, Brazil and Argentina.

AngloGold Ashanti was formed in 1998 through the consolidation of gold mining interests held by Anglo American in South Africa.

Further Reading

Dividend History for AngloGold Ashanti (NYSE:AU)

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