AngloGold Ashanti PLC (NYSE:AU) Stock Has Consensus Target Price of $113.14

Key Points

• Analysts hold a “Moderate Buy” consensus on AngloGold Ashanti, with five buys, one strong buy, three holds, and one sell among 10 covering firms. The average 12-month price target is $113.14, above the reported share price of $98.32.
• Recent analyst views were mixed: JPMorgan raised its target to $140 and maintained an overweight rating, while Citigroup lowered its target to $125 and BMO Capital Markets downgraded the stock to market perform with a $115 target.
• AngloGold Ashanti reported quarterly EPS of $1.98, slightly below the $2.03 consensus, and revenue of $3.10 billion versus the $3.20 billion estimate. The company also reduced its quarterly dividend to $0.72 from $1.16, implying a 2.9% annualized yield.

AngloGold Ashanti PLC (NYSE:AU - Get Free Report) has earned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $113.14.

Several brokerages have recently issued reports on AU. Citigroup decreased their target price on shares of AngloGold Ashanti from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings cut AngloGold Ashanti from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. BMO Capital Markets downgraded AngloGold Ashanti from an "outperform" rating to a "market perform" rating and set a $115.00 price objective on the stock. in a research report on Thursday, September 10th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $134.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Finally, Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, June 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AU. Ascentis Independent Advisors bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth about $26,000. Ancora Advisors LLC bought a new position in AngloGold Ashanti during the 2nd quarter valued at about $30,000. Reflection Asset Management purchased a new stake in AngloGold Ashanti in the 4th quarter worth about $42,000. Ameritas Advisory Services LLC purchased a new stake in AngloGold Ashanti in the 2nd quarter worth about $51,000. Finally, KBC Group NV bought a new stake in AngloGold Ashanti in the first quarter worth about $55,000. Institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Trading Down 0.4%

Shares of AU opened at $98.32 on Friday. The company's fifty day moving average is $98.33 and its 200 day moving average is $94.89. AngloGold Ashanti has a fifty-two week low of $62.55 and a fifty-two week high of $129.14. The stock has a market capitalization of $49.64 billion, a PE ratio of 13.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.71.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.20 billion. Sell-side analysts expect that AngloGold Ashanti will post 8.16 earnings per share for the current fiscal year.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a $0.72 dividend. This is a drop from AngloGold Ashanti's previous quarterly dividend of $1.16. This represents a $2.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 21st. AngloGold Ashanti's dividend payout ratio is 6.70%.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company that explores for, develops, and operates gold mines. Its primary product is gold, with silver and other minerals produced as byproducts at some operations. The company also manages mineral exploration, mine development, processing, and related reclamation activities.

AngloGold Ashanti operates across several regions, including Africa, Australia, and the Americas. Its portfolio has included mines and projects in Ghana, Guinea, Tanzania, Australia, Brazil, and Argentina, supported by exploration programs in other prospective mining jurisdictions.

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