AngloGold Ashanti plc (NYSE:AU - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $43.25, but opened at $44.92. AngloGold Ashanti shares last traded at $44.64, with a volume of 802,348 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. HSBC reissued a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a report on Thursday, April 17th. Scotiabank upped their price objective on AngloGold Ashanti from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Royal Bank of Canada raised their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, StockNews.com raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.80.
Check Out Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Stock Down 2.5 %
The stock has a market cap of $16.60 billion, a P/E ratio of 12.36 and a beta of 0.81. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock's 50-day moving average is $35.55 and its 200-day moving average is $29.93.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. As a group, research analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.69 per share. The ex-dividend date was Friday, March 14th. This represents a yield of 2.8%. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.
Institutional Investors Weigh In On AngloGold Ashanti
Several hedge funds and other institutional investors have recently bought and sold shares of AU. Allspring Global Investments Holdings LLC grew its stake in shares of AngloGold Ashanti by 58.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 489,991 shares of the mining company's stock worth $18,188,000 after purchasing an additional 181,000 shares during the last quarter. Spire Wealth Management grew its position in AngloGold Ashanti by 13,908.8% in the first quarter. Spire Wealth Management now owns 9,526 shares of the mining company's stock worth $354,000 after buying an additional 9,458 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of AngloGold Ashanti by 185.3% in the first quarter. Blue Trust Inc. now owns 4,177 shares of the mining company's stock valued at $155,000 after buying an additional 2,713 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of AngloGold Ashanti during the 1st quarter valued at $30,000. Finally, Lesa Sroufe & Co bought a new stake in shares of AngloGold Ashanti during the 1st quarter worth $4,657,000. 36.09% of the stock is currently owned by institutional investors.
AngloGold Ashanti Company Profile
(
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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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