AngloGold Ashanti (NYSE:AU) Issues Quarterly Earnings Results

AngloGold Ashanti (NYSE:AUGet Free Report) announced its quarterly earnings results on Wednesday. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10), Zacks reports. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion.

AngloGold Ashanti Trading Up 3.1 %

NYSE:AU opened at $32.02 on Friday. The company has a 50-day moving average of $27.29 and a 200-day moving average of $27.62. 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 twelve month low of $17.01 and a twelve month high of $33.77.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.69 dividend. This represents a yield of 2.8%. This is an increase from AngloGold Ashanti’s previous semi-annual dividend of $0.22. The ex-dividend date is Friday, March 14th.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a report on Thursday, November 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of AngloGold Ashanti in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.00.

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About AngloGold Ashanti

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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.

Further Reading

Earnings History for AngloGold Ashanti (NYSE:AU)

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