AngloGold Ashanti plc (NYSE:AU) to Issue Dividend of $0.13

AngloGold Ashanti plc (NYSE:AU - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Shareholders of record on Monday, June 2nd will be given a dividend of 0.125 per share by the mining company on Friday, June 13th. This represents a yield of 1.14%. The ex-dividend date is Friday, May 30th.

AngloGold Ashanti has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 10.6%.

AngloGold Ashanti Stock Down 0.4%

Shares of AngloGold Ashanti stock traded down $0.19 during trading on Thursday, reaching $43.85. The company's stock had a trading volume of 1,320,604 shares, compared to its average volume of 2,593,814. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 14.43 and a beta of 0.48. AngloGold Ashanti has a 1-year low of $22.13 and a 1-year high of $46.90. The company has a 50-day simple moving average of $40.25 and a two-hundred day simple moving average of $32.13.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities analysts forecast that AngloGold Ashanti will post 3.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Royal Bank of Canada raised 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. Scotiabank raised their price objective on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Wall Street Zen raised shares of AngloGold Ashanti from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, HSBC restated a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AngloGold Ashanti stock. Empowered Funds LLC bought a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 8,651 shares of the mining company's stock, valued at approximately $321,000. 36.09% of the stock is owned by institutional investors and hedge funds.

About AngloGold Ashanti

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.