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AngloGold Ashanti (NYSE:AU) Shares Gap Down - Should You Sell?

AngloGold Ashanti logo with Basic Materials background

AngloGold Ashanti plc (NYSE:AU - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $44.04, but opened at $42.86. AngloGold Ashanti shares last traded at $43.74, with a volume of 441,655 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AU. Wall Street Zen raised AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. HSBC reaffirmed a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Royal Bank of Canada increased their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Finally, Scotiabank raised their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.30.

View Our Latest Analysis on AngloGold Ashanti

AngloGold Ashanti Stock Performance

The stock's fifty day moving average is $40.25 and its two-hundred day moving average is $32.13. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 14.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. Analysts forecast that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio is presently 16.45%.

Institutional Trading of AngloGold Ashanti

Several large investors have recently modified their holdings of AU. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 3,882,283 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 3,764,165 shares in the last quarter. Marshall Wace LLP grew its stake in AngloGold Ashanti by 3,767.1% in the fourth 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. Van ECK Associates Corp grew its stake in AngloGold Ashanti by 10.9% in the fourth 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. Finally, Carrhae Capital LLP grew 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 worth $79,838,000 after purchasing an additional 2,177,783 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

About AngloGold Ashanti

(Get Free Report)

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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