AngloGold Ashanti (NYSE:AU) Posts Quarterly Earnings Results

AngloGold Ashanti (NYSE:AU - Get Free Report) released its quarterly earnings data on Friday. The mining company reported $0.88 earnings per share for the quarter, Zacks reports. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion.

AngloGold Ashanti Stock Up 6.9%

NYSE:AU traded up $2.88 on Friday, hitting $44.75. The stock had a trading volume of 4,038,798 shares, compared to its average volume of 2,522,363. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market cap of $18.78 billion, a P/E ratio of 13.98 and a beta of 0.48. AngloGold Ashanti has a 1 year low of $22.13 and a 1 year high of $46.90. The firm's fifty day simple moving average is $37.82 and its two-hundred day simple moving average is $30.88.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio (DPR) is 43.13%.

Analysts Set New Price Targets

AU has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada boosted their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. HSBC reiterated a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Scotiabank boosted their target price on shares of AngloGold Ashanti from $34.00 to $42.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

AngloGold Ashanti Company Profile

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.