AngloGold Ashanti PLC (NYSE:AU - Get Free Report)'s stock price fell 4.9% during mid-day trading on Friday . The company traded as low as $43.66 and last traded at $44.09. 1,189,056 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 2,694,075 shares. The stock had previously closed at $46.36.
Analysts Set New Price Targets
A number of research analysts have recently commented on AU shares. Scotiabank upped their price target 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. Royal Bank Of Canada boosted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Roth Capital began coverage on shares of AngloGold Ashanti in a research report on Thursday, June 12th. They set a "buy" rating and a $52.00 target price for the company. HSBC reiterated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.08.
View Our Latest Report on AU
AngloGold Ashanti Stock Performance
The business's fifty day moving average price is $44.17 and its 200-day moving average price is $35.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. The stock has a market capitalization of $18.43 billion, a PE ratio of 14.44 and a beta of 0.49.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.125 per share. This represents a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's payout ratio is 16.45%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AU. Vanguard Group Inc. grew its stake in AngloGold Ashanti by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after buying an additional 3,882,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AngloGold Ashanti by 274.8% during the 4th 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 last quarter. Marshall Wace LLP grew its position 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 acquiring an additional 2,680,261 shares in the last quarter. Carrhae Capital LLP grew its position 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 acquiring an additional 2,177,783 shares in the last quarter. Finally, Coronation Fund Managers Ltd. bought a new position in AngloGold Ashanti in the first quarter valued at $63,186,000. 36.09% of the stock is currently owned by institutional investors.
AngloGold Ashanti Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
