AngloGold Ashanti plc (NYSE:AU - Get Free Report)'s stock price traded down 2.8% during trading on Friday . The company traded as low as $45.97 and last traded at $45.78. 259,691 shares changed hands during trading, a decline of 91% from the average session volume of 2,921,825 shares. The stock had previously closed at $47.09.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on AU. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Scotiabank upped their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Royal Bank of Canada increased their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. HSBC reissued a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and an average target price of $41.30.
View Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 15.18 and a beta of 0.49. The firm has a fifty day simple moving average of $41.42 and a two-hundred day simple moving average of $33.01.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. On average, analysts expect that AngloGold Ashanti plc will post 3.83 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's dividend payout ratio is currently 16.45%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of AU. Whittier Trust Co. purchased a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in AngloGold Ashanti by 210.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after acquiring an additional 796 shares during the period. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in shares of AngloGold Ashanti in the first quarter worth $30,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in AngloGold Ashanti during the first quarter valued at $30,000. 36.09% of the stock is owned by institutional investors and hedge funds.
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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