AngloGold Ashanti (NYSE:AU - Get Free Report) released its quarterly earnings results on Wednesday. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10), Zacks reports. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion.
AngloGold Ashanti Stock Performance
Shares of AU stock traded down $0.39 during trading hours on Friday, reaching $31.63. 2,709,307 shares of the stock were exchanged, compared to its average volume of 2,461,254. The business's fifty day moving average is $27.42 and its two-hundred day moving average is $27.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a 12-month low of $17.01 and a 12-month high of $33.77.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.69 per share. This represents a dividend yield of 2.8%. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date is Friday, March 14th.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on AU shares. JPMorgan Chase & Co. reduced their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Scotiabank raised shares of AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price target on the stock in a research report on Thursday, November 21st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research report on Thursday. Finally, StockNews.com cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. One 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 company has an average rating of "Hold" and a consensus target price of $33.00.
Read Our Latest Analysis on AU
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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