Wall Street Zen upgraded shares of AngloGold Ashanti (NYSE:AU - Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday.
AU has been the topic of several other reports. Royal Bank of Canada upped their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Scotiabank upped their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, HSBC reissued a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AngloGold Ashanti currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.30.
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AngloGold Ashanti Stock Performance
AngloGold Ashanti stock traded down $0.92 during midday trading on Friday, reaching $43.12. The stock had a trading volume of 2,863,163 shares, compared to its average volume of 2,593,113. 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 firm has a market capitalization of $18.10 billion, a PE ratio of 14.18 and a beta of 0.48. AngloGold Ashanti has a 12 month low of $22.13 and a 12 month high of $46.90. The firm's 50-day moving average price is $39.95 and its 200 day moving average price is $31.97.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, research analysts predict that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.125 per share. This represents a dividend yield of 1.14%. The ex-dividend date is Friday, May 30th. AngloGold Ashanti's payout ratio is 16.45%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after buying an additional 3,782 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in AngloGold Ashanti in the 4th quarter worth approximately $248,000. SG Americas Securities LLC lifted its position in AngloGold Ashanti by 177.9% in the 4th quarter. SG Americas Securities LLC now owns 13,124 shares of the mining company's stock worth $303,000 after buying an additional 8,401 shares during the last quarter. Blue Trust Inc. lifted its position in AngloGold Ashanti by 17.6% in the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company's stock worth $163,000 after buying an additional 1,052 shares during the last quarter. Finally, R Squared Ltd bought a new stake in AngloGold Ashanti in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 36.09% of the company's stock.
About AngloGold Ashanti
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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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