AngloGold Ashanti (NYSE:AU) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

AngloGold Ashanti PLC (NYSE:AU - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $96.51 and traded as high as $100.44. AngloGold Ashanti shares last traded at $99.3620, with a volume of 3,235,445 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on AU. RBC Dominion Securities set a $110.00 price target on shares of AngloGold Ashanti and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Zacks Research upgraded shares of AngloGold Ashanti from a "strong sell" rating to a "hold" rating in a research note on Friday, September 11th. JPMorgan Chase & Co. cut their price objective on shares of AngloGold Ashanti from $139.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, October 30th. The Goldman Sachs Group assumed coverage on shares of AngloGold Ashanti in a research note on Thursday, October 15th. They issued a "buy" rating and a $104.00 price objective for the company. Finally, Weiss Ratings lowered shares of AngloGold Ashanti from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 27th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $118.35.

AngloGold Ashanti Trading Up 6.9%

The firm's 50 day moving average is $95.43 and its 200 day moving average is $96.51. The company has a market cap of $50.17 billion, a PE ratio of 12.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.07.

AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.76 by ($0.22). AngloGold Ashanti had a return on equity of 38.77% and a net margin of 32.19%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.89 billion. On average, equities analysts anticipate that AngloGold Ashanti PLC will post 8.06 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be given a dividend of $0.1250 per share. This is a decrease from AngloGold Ashanti's previous quarterly dividend of $0.72. The ex-dividend date is Friday, November 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.5%. AngloGold Ashanti's dividend payout ratio (DPR) is presently 6.50%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ninety One SA Pty Ltd boosted its stake in AngloGold Ashanti by 1.8% during the third quarter. Ninety One SA Pty Ltd now owns 11,398,551 shares of the mining company's stock valued at $1,069,147,000 after buying an additional 203,418 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of AngloGold Ashanti by 1.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company's stock valued at $620,874,000 after acquiring an additional 98,250 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of AngloGold Ashanti by 10.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,549,416 shares of the mining company's stock valued at $239,532,000 after acquiring an additional 236,005 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of AngloGold Ashanti by 8.7% during the second quarter. Wellington Management Group LLP now owns 1,930,737 shares of the mining company's stock worth $156,214,000 after purchasing an additional 154,726 shares in the last quarter. Finally, ARGA Investment Management LP grew its holdings in shares of AngloGold Ashanti by 27.4% during the third quarter. ARGA Investment Management LP now owns 1,137,018 shares of the mining company's stock worth $106,823,000 after purchasing an additional 244,212 shares in the last quarter. Institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company that explores for, develops and operates gold mines. Gold is its primary product, and the company also produces silver and other by-products at some operations.

The company's operations and projects span Africa, Australia and the Americas. Its portfolio includes mines and development projects in countries such as Ghana, Tanzania, Guinea, Australia, Brazil and Argentina.

AngloGold Ashanti was formed in 1998 through the consolidation of gold mining interests held by Anglo American in South Africa.

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