AngloGold Ashanti (NYSE:AU - Free Report) had its price objective raised by JPMorgan Chase & Co. from $58.00 to $63.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the mining company's stock.
Other equities research analysts also recently issued reports about the company. Roth Capital increased their price objective on AngloGold Ashanti from $52.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. Scotiabank increased their price objective on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Royal Bank Of Canada increased their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.08.
Get Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Trading Up 1.1%
Shares of NYSE AU traded up $0.53 during mid-day trading on Tuesday, hitting $47.58. 2,362,218 shares of the company traded hands, compared to its average volume of 2,889,285. AngloGold Ashanti has a 1 year low of $22.45 and a 1 year high of $51.11. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 15.65 and a beta of 0.48. The company has a quick ratio of 1.57, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $45.60 and a two-hundred day moving average of $37.63.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts anticipate that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a $0.125 dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 30th. AngloGold Ashanti's payout ratio is currently 16.45%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AU. Vanguard Group Inc. increased its holdings 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 increased 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 valued at $118,448,000 after acquiring an additional 3,764,165 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of AngloGold Ashanti by 3,767.1% during the 4th 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. Carrhae Capital LLP increased its holdings in shares of AngloGold Ashanti by 170.0% during the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after acquiring an additional 2,177,783 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of AngloGold Ashanti during the 1st quarter valued at about $63,186,000. Institutional investors and hedge funds own 36.09% of the company's stock.
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
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 Fall 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.
