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 morning.
AU has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. JPMorgan Chase & Co. lifted 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. HSBC reissued a "reduce" rating and set a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. Finally, Scotiabank lifted their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.30.
Check Out Our Latest Stock Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
Shares of AU stock traded up $0.04 during mid-day trading on Friday, reaching $44.08. The stock had a trading volume of 2,389,486 shares, compared to its average volume of 2,603,811. The firm's 50 day simple moving average is $40.43 and its 200 day simple moving average is $32.26. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a one year low of $22.13 and a one year high of $46.90. The firm has a market cap of $18.50 billion, a PE ratio of 14.50 and a beta of 0.48.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.84 billion. On average, analysts forecast that AngloGold Ashanti will post 3.83 EPS for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.125 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's payout ratio is 16.45%.
Hedge Funds Weigh In On AngloGold Ashanti
Several institutional investors have recently bought and sold shares of AU. Van ECK Associates Corp increased its stake in shares of AngloGold Ashanti by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after buying an additional 2,491,130 shares during the period. Vanguard Group Inc. increased its stake in shares of AngloGold Ashanti by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 21,002,449 shares of the mining company's stock valued at $787,791,000 after buying an additional 145,125 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AngloGold Ashanti by 274.8% in 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 buying an additional 3,764,165 shares during the period. Russell Investments Group Ltd. increased its stake in shares of AngloGold Ashanti by 2.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,041,932 shares of the mining company's stock valued at $150,054,000 after buying an additional 95,668 shares during the period. Finally, Carrhae Capital LLP increased its stake in shares of AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after buying an additional 2,177,783 shares during the period. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Company Profile
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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.
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