Shares of AngloGold Ashanti plc (NYSE:AU - Get Free Report) were up 5.7% during trading on Wednesday . The company traded as high as $46.90 and last traded at $46.34. Approximately 1,230,583 shares changed hands during trading, a decline of 55% from the average daily volume of 2,759,125 shares. The stock had previously closed at $43.83.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AU. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Scotiabank increased 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 lifted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, HSBC reissued a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.80.
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AngloGold Ashanti Stock Up 2.2 %
The stock's 50-day moving average price is $34.65 and its two-hundred day moving average price is $29.44. The stock has a market capitalization of $18.56 billion, a P/E ratio of 13.82 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.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.75 billion. As a group, research analysts expect 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. Shareholders of record on Friday, March 14th were paid a $0.69 dividend. The ex-dividend date was Friday, March 14th. This is a boost from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti's dividend payout ratio is currently 43.13%.
Institutional Investors Weigh In On AngloGold Ashanti
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of AngloGold Ashanti by 22.9% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in AngloGold Ashanti by 274.8% during 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 during the last quarter. Marshall Wace LLP grew its position in AngloGold Ashanti by 3,767.1% during the fourth quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after acquiring an additional 2,680,261 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. Finally, Carrhae Capital LLP raised its position in AngloGold Ashanti by 170.0% in the 4th 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 during the period. Hedge funds and other institutional investors own 36.09% of the company's stock.
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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