AngloGold Ashanti Limited (NYSE:AU – Get Free Report) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.00.
A number of analysts have weighed in on AU shares. StockNews.com initiated coverage on AngloGold Ashanti in a research report on Thursday, August 17th. They set a “hold” rating for the company. BMO Capital Markets raised AngloGold Ashanti from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $22.00 in a report on Tuesday, September 12th. Finally, Scotiabank dropped their price objective on shares of AngloGold Ashanti from $28.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Thursday.
Check Out Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Stock Down 0.9 %
AngloGold Ashanti (NYSE:AU – Get Free Report) last announced its earnings results on Friday, August 4th. The mining company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.38). The firm had revenue of $1.16 billion for the quarter. Sell-side analysts expect that AngloGold Ashanti will post 1.12 earnings per share for the current year.
AngloGold Ashanti Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 25th were paid a dividend of $0.029 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 24th.
Institutional Investors Weigh In On AngloGold Ashanti
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in AngloGold Ashanti by 89.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,475 shares of the mining company’s stock valued at $29,000 after purchasing an additional 695 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in AngloGold Ashanti in the fourth quarter valued at $30,000. Point72 Middle East FZE purchased a new position in shares of AngloGold Ashanti in the second quarter valued at $54,000. PNC Financial Services Group Inc. raised its stake in shares of AngloGold Ashanti by 31.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,540 shares of the mining company’s stock worth $75,000 after buying an additional 845 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of AngloGold Ashanti in the 2nd quarter worth about $76,000. Institutional investors and hedge funds own 22.36% of the company’s stock.
AngloGold Ashanti Company Profile
AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia.
Featured Articles
- Five stocks we like better than AngloGold Ashanti
- How Technical Indicators Can Help You Find Oversold Stocks
- 3 Reasons This Sleeping Giant Is About To Wake Up
- How to Invest in Toy Stocks
- MarketBeat Week in Review – 9/18 – 9/22
- What Are Dividends? Buy the Best Dividend Stocks
- 52-week Low Names To Tip The Upside Scale In Your Favor
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.
