AngloGold Ashanti (NYSE:AU) Releases Earnings Results

AngloGold Ashanti (NYSE:AU) released its quarterly earnings results on Friday. The mining company reported $0.88 EPS for the quarter, Zacks reports.

AngloGold Ashanti Trading Down 4.1 %

Shares of AngloGold Ashanti stock opened at $41.87 on Friday. The stock has a market capitalization of $17.57 billion, a PE ratio of 13.08 and a beta of 0.48. The stock has a 50 day moving average price of $37.53 and a two-hundred day moving average price of $30.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti has a 52 week low of $22.13 and a 52 week high of $46.90.

AngloGold Ashanti Increases Dividend

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

Wall Street Analyst Weigh In

AU has been the subject of several recent research reports. Scotiabank boosted their price target on AngloGold Ashanti from $34.00 to $42.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. Royal Bank of Canada increased their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. HSBC reiterated a “reduce” rating and set a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.