AngloGold Ashanti plc (NYSE:AU - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.00.
Several research analysts have issued reports on AU shares. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, February 20th. Finally, Scotiabank lifted their price objective on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a report on Tuesday, February 25th.
Check Out Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Trading Up 0.4 %
Shares of NYSE:AU traded up $0.12 during mid-day trading on Thursday, hitting $29.45. The company had a trading volume of 3,074,908 shares, compared to its average volume of 2,461,816. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a one year low of $18.37 and a one year high of $33.77. The firm has a fifty day moving average price of $28.22 and a 200 day moving average price of $27.72. The company has a market capitalization of $12.36 billion, a PE ratio of 9.20 and a beta of 0.96.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.75 billion. As a group, research analysts forecast that AngloGold Ashanti will post 3.83 EPS for the current year.
AngloGold Ashanti Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.69 per share. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is presently 43.13%.
Institutional Investors Weigh In On AngloGold Ashanti
A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of AngloGold Ashanti by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after purchasing an additional 2,491,130 shares during the last quarter. Vanguard Group Inc. grew its position in AngloGold Ashanti by 22.9% during the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after buying an additional 3,882,283 shares during the period. FMR LLC increased its holdings in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after buying an additional 2,957,304 shares during the last quarter. Dimensional Fund Advisors LP raised its position in AngloGold Ashanti by 274.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock worth $118,448,000 after acquiring an additional 3,764,165 shares during the period. Finally, Carrhae Capital LLP boosted its stake in AngloGold Ashanti by 170.0% in the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after acquiring an additional 2,177,783 shares during the last quarter. 36.09% of the stock is owned by institutional investors.
About AngloGold Ashanti
(
Get Free ReportAngloGold 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.
Further Reading
Before you consider AngloGold Ashanti, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AngloGold Ashanti wasn't on the list.
While AngloGold Ashanti currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
