AngloGold Ashanti (AU) to Release Quarterly Earnings on Wednesday

AngloGold Ashanti (NYSE:AU) is projected to post its quarterly earnings results before the market opens on Wednesday, April 9th. Analysts expect AngloGold Ashanti to post earnings of $0.80 per share for the quarter.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. On average, analysts expect AngloGold Ashanti to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AngloGold Ashanti Stock Performance

AU opened at $33.31 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market capitalization of $13.98 billion, a PE ratio of 10.41 and a beta of 0.81. The business has a fifty day simple moving average of $32.67 and a 200 day simple moving average of $28.51. AngloGold Ashanti has a 1 year low of $21.65 and a 1 year high of $38.63.

AngloGold Ashanti Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.69 dividend. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. AngloGold Ashanti’s payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank raised their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 25th. StockNews.com upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada raised their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, AngloGold Ashanti currently has an average rating of “Moderate Buy” and a consensus target price of $35.25.

AngloGold Ashanti Company Profile

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.