AngloGold Ashanti PLC (NYSE:AU – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $96.51 and traded as high as $100.44. AngloGold Ashanti shares last traded at $99.3620, with a volume of 3,235,445 shares trading hands.
Analyst Upgrades and Downgrades
AU has been the subject of a number of recent analyst reports. BMO Capital Markets downgraded shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $139.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. RBC Dominion Securities set a $110.00 price objective on AngloGold Ashanti and gave the company an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada upped their price objective on AngloGold Ashanti from $111.00 to $119.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, Citigroup lowered their price objective on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $118.35.
View Our Latest Stock Report on AU
AngloGold Ashanti Trading Down 2.1%
The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 11.81 and a beta of 0.72. The business’s 50-day simple moving average is $94.74 and its two-hundred day simple moving average is $96.39. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15.
AngloGold Ashanti (NYSE:AU – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.22). The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.89 billion. AngloGold Ashanti had a net margin of 32.63% and a return on equity of 39.17%. Equities analysts forecast that AngloGold Ashanti PLC will post 7.96 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.5%. This is a negative change from AngloGold Ashanti’s previous quarterly dividend of $0.72. The ex-dividend date is Friday, November 27th. AngloGold Ashanti’s payout ratio is currently 6.50%.
Institutional Investors Weigh In On AngloGold Ashanti
A number of institutional investors have recently modified their holdings of AU. Ninety One SA Pty Ltd lifted its stake in AngloGold Ashanti by 1.8% during the 3rd quarter. Ninety One SA Pty Ltd now owns 11,398,551 shares of the mining company’s stock worth $1,069,147,000 after acquiring an additional 203,418 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in AngloGold Ashanti by 1.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company’s stock valued at $620,874,000 after acquiring an additional 98,250 shares in the last quarter. Russell Investments Group Ltd. grew its position in AngloGold Ashanti by 10.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,549,416 shares of the mining company’s stock valued at $239,532,000 after acquiring an additional 236,005 shares in the last quarter. Wellington Management Group LLP grew its position in AngloGold Ashanti by 8.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company’s stock valued at $156,214,000 after acquiring an additional 154,726 shares in the last quarter. Finally, ARGA Investment Management LP grew its position in AngloGold Ashanti by 27.4% in the 3rd quarter. ARGA Investment Management LP now owns 1,137,018 shares of the mining company’s stock valued at $106,823,000 after acquiring an additional 244,212 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.
AngloGold Ashanti Company Profile
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.
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