AngloGold Ashanti PLC (NYSE:AU) Receives $86.00 Average PT from Analysts

by · The Cerbat Gem

Shares of AngloGold Ashanti PLC (NYSE:AU – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $86.00.

A number of brokerages recently commented on AU. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Scotiabank lifted their price target on AngloGold Ashanti from $90.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 12th. Citigroup upped their price objective on AngloGold Ashanti from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Zacks Research downgraded AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, HSBC restated a “reduce” rating and set a $55.00 target price on shares of AngloGold Ashanti in a research note on Thursday, October 9th.

Read Our Latest Research Report on AngloGold Ashanti

AngloGold Ashanti Stock Performance

Shares of AU opened at $91.25 on Wednesday. AngloGold Ashanti has a 1 year low of $22.45 and a 1 year high of $91.65. The stock has a market capitalization of $38.30 billion, a PE ratio of 20.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The stock has a 50-day simple moving average of $78.97 and a 200-day simple moving average of $64.89.

AngloGold Ashanti (NYSE:AU – Get Free Report) last issued its earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.02). AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, analysts predict that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.

AngloGold Ashanti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.91 dividend. The ex-dividend date was Friday, November 28th. This represents a $3.64 annualized dividend and a dividend yield of 4.0%. AngloGold Ashanti’s dividend payout ratio is presently 80.18%.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in shares of AngloGold Ashanti by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock valued at $2,245,000 after purchasing an additional 147 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in AngloGold Ashanti by 33.4% during the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its stake in AngloGold Ashanti by 4.8% in the third quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock valued at $248,000 after buying an additional 161 shares during the last quarter. CoreCap Advisors LLC lifted its stake in AngloGold Ashanti by 27.3% in the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock valued at $71,000 after buying an additional 216 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after acquiring an additional 229 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.

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.

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