AngloGold Ashanti PLC (AU) To Go Ex-Dividend on November 28th

AngloGold Ashanti PLC (NYSE:AU) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.91 per share by the mining company on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 28th.

AngloGold Ashanti has raised its dividend by an average of 0.5%per year over the last three years. AngloGold Ashanti has a payout ratio of 100.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect AngloGold Ashanti to earn $4.14 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 77.3%.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $85.07 on Thursday. The firm has a 50 day moving average of $69.33 and a 200-day moving average of $55.59. AngloGold Ashanti has a 12 month low of $22.45 and a 12 month high of $85.85. The company has a current ratio of 2.99, a quick ratio of 2.22 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $35.71 billion, a PE ratio of 22.63 and a beta of 0.48.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Tuesday, November 11th. The mining company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.02). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.53 billion. AngloGold Ashanti had a return on equity of 22.54% and a net margin of 23.60%. On average, equities research analysts predict that AngloGold Ashanti will post 3.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. HSBC reiterated a “reduce” rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Citigroup assumed coverage on AngloGold Ashanti in a research report on Monday, October 27th. They issued a “buy” rating and a $90.00 target price on the stock. Zacks Research raised AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Scotiabank lifted their price target on shares of AngloGold Ashanti from $90.00 to $92.00 and gave the company a “sector outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.