Shares of AngloGold Ashanti plc (NYSE:AU - Get Free Report) traded up 3.9% during mid-day trading on Friday . The stock traded as high as $50.81 and last traded at $50.73. 3,429,469 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 2,652,413 shares. The stock had previously closed at $48.82.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Wall Street Zen cut AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Royal Bank of Canada boosted their price objective on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. HSBC restated a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Finally, Roth Capital initiated coverage on shares of AngloGold Ashanti in a research report on Thursday. They set a "buy" rating and a $52.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of "Moderate Buy" and an average price target of $43.08.
Get Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Trading Down 2.4%
The firm has a market capitalization of $20.83 billion, a price-to-earnings ratio of 16.33 and a beta of 0.49. 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's 50-day simple moving average is $43.17 and its 200 day simple moving average is $34.22.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced 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. Equities analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.125 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1.14%. AngloGold Ashanti's dividend payout ratio (DPR) is presently 16.45%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in shares of AngloGold Ashanti by 194.3% during the first quarter. Rhumbline Advisers now owns 31,619 shares of the mining company's stock worth $1,174,000 after buying an additional 20,874 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of AngloGold Ashanti during the first quarter worth $5,538,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AngloGold Ashanti by 25.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,963,318 shares of the mining company's stock worth $72,878,000 after buying an additional 398,684 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of AngloGold Ashanti during the first quarter worth $321,000. Finally, Ascent Group LLC bought a new stake in shares of AngloGold Ashanti in the first quarter worth $231,000. 36.09% of the stock is currently 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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