Shares of AngloGold Ashanti PLC (NYSE:AU – Get Free Report) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $110.50.
A number of research analysts have commented on the stock. Weiss Ratings cut shares of AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Roth Capital lowered their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Zacks Research lowered shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th.
Hedge Funds Weigh In On AngloGold Ashanti
AngloGold Ashanti Price Performance
Shares of AngloGold Ashanti stock opened at $108.95 on Monday. The company has a current ratio of 2.71, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $55.01 billion, a PE ratio of 14.60 and a beta of 0.74. The business’s 50-day moving average price is $92.21 and its 200-day moving average price is $96.22. AngloGold Ashanti has a 12 month low of $58.83 and a 12 month high of $129.14.
AngloGold Ashanti (NYSE:AU – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. Sell-side analysts forecast that AngloGold Ashanti will post 8.14 EPS for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 21st. AngloGold Ashanti’s payout ratio is 6.70%.
AngloGold Ashanti Company Profile
AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by?products depending on local geology and processing methods.
The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.
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