AngloGold Ashanti (NYSE:AU) Trading Up 5.7% Following Dividend Announcement

AngloGold Ashanti PLC (NYSE:AUGet Free Report)’s share price was up 5.7% during trading on Friday following a dividend announcement from the company. The stock traded as high as $114.67 and last traded at $113.8070. Approximately 2,415,017 shares changed hands during trading, a decline of 16% from the average daily volume of 2,886,812 shares. The stock had previously closed at $107.63.

The newly announced dividend which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.173 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 dividend on an annualized basis and a yield of 0.6%. AngloGold Ashanti’s dividend payout ratio (DPR) is 70.13%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AU. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup upped their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $122.00 price target on shares of AngloGold Ashanti in a research note on Friday. Finally, Scotiabank upped their price target on AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Read Our Latest Report on AU

AngloGold Ashanti Stock Up 6.3%

The firm’s fifty day simple moving average is $97.79 and its 200-day simple moving average is $79.36. The company has a market cap of $57.75 billion, a PE ratio of 22.04 and a beta of 0.59. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21.

AngloGold Ashanti (NYSE:AUGet Free Report) last issued its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.90. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.99 billion. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.

Key AngloGold Ashanti News

Here are the key news stories impacting AngloGold Ashanti this week:

Institutional Trading of AngloGold Ashanti

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. purchased a new position in AngloGold Ashanti in the 4th quarter valued at about $36,000. Compound Planning Inc. lifted its stake in shares of AngloGold Ashanti by 4.5% during the fourth quarter. Compound Planning Inc. now owns 17,386 shares of the mining company’s stock valued at $1,483,000 after buying an additional 741 shares during the period. Invesco Ltd. boosted its position in AngloGold Ashanti by 4.5% during the fourth quarter. Invesco Ltd. now owns 2,791,584 shares of the mining company’s stock worth $238,066,000 after acquiring an additional 119,355 shares during the last quarter. Corient Private Wealth LLC boosted its position in AngloGold Ashanti by 28.0% during the fourth quarter. Corient Private Wealth LLC now owns 22,070 shares of the mining company’s stock worth $1,857,000 after acquiring an additional 4,825 shares during the last quarter. Finally, Alberta Investment Management Corp grew its stake in AngloGold Ashanti by 14.4% in the 4th quarter. Alberta Investment Management Corp now owns 25,400 shares of the mining company’s stock worth $2,197,000 after acquiring an additional 3,200 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

About AngloGold Ashanti

(Get Free Report)

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.

Further Reading

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.