AngloGold Ashanti (NYSE:AU - Get Free Report) is expected to release its earnings data before the market opens on Wednesday, April 9th. Analysts expect AngloGold Ashanti to post earnings of $0.80 per share for the quarter.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. On average, analysts expect AngloGold Ashanti to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
AngloGold Ashanti Stock Down 9.3 %
Shares of AngloGold Ashanti stock traded down $3.43 during trading on Friday, reaching $33.55. The company's stock had a trading volume of 4,230,630 shares, compared to its average volume of 2,405,522. AngloGold Ashanti has a 1-year low of $21.65 and a 1-year high of $38.63. The company has a 50-day simple moving average of $32.56 and a two-hundred day simple moving average of $28.47. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 10.48 and a beta of 0.81.
AngloGold Ashanti Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.69 dividend. This represents a yield of 2.8%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.
Analysts Set New Price Targets
Several equities analysts recently commented on AU shares. Royal Bank of Canada increased their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday. Scotiabank upped their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.25.
Read Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Company Profile
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AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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