Royal Bank of Canada reiterated their outperform rating on shares of AngloGold Ashanti (NYSE:AU - Free Report) in a report issued on Thursday morning,Benzinga reports. They currently have a $36.00 price objective on the mining company's stock.
AU has been the subject of a number of other reports. Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price objective for the company in a research note on Thursday, November 21st. StockNews.com downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $33.00.
Get Our Latest Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Performance
Shares of AngloGold Ashanti stock traded down $0.39 during trading hours on Thursday, reaching $31.63. 2,709,866 shares of the stock traded hands, compared to its average volume of 2,493,384. The company has a 50 day moving average price of $27.42 and a 200 day moving average price of $27.65. AngloGold Ashanti has a one year low of $17.01 and a one year high of $33.77. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. On average, equities research analysts predict that AngloGold Ashanti will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.69 dividend. The ex-dividend date is Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in AU. Vanguard Group Inc. lifted its holdings in AngloGold Ashanti by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after purchasing an additional 3,882,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AngloGold Ashanti by 274.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock worth $118,448,000 after purchasing an additional 3,764,165 shares in the last quarter. FMR LLC lifted its holdings in AngloGold Ashanti by 39.5% in the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after purchasing an additional 2,957,304 shares in the last quarter. Marshall Wace LLP lifted its holdings in AngloGold Ashanti by 3,767.1% in the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock worth $63,503,000 after purchasing an additional 2,680,261 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.
About AngloGold Ashanti
(
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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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