AngloGold Ashanti (NYSE:AU) Posts Quarterly Earnings Results

AngloGold Ashanti (NYSE:AU) announced its quarterly earnings results on Friday. The mining company reported $0.88 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion.

AngloGold Ashanti Price Performance

Shares of AU opened at $44.75 on Friday. The stock has a market cap of $18.78 billion, a PE ratio of 13.98 and a beta of 0.48. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $37.82 and a two-hundred day simple moving average of $30.87. AngloGold Ashanti has a 12-month low of $22.13 and a 12-month high of $46.90.

AngloGold Ashanti Increases Dividend

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

Analyst Ratings Changes

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