AngloGold Ashanti (AU) to Release Quarterly Earnings on Wednesday

AngloGold Ashanti (NYSE:AU) is expected to be releasing its earnings data before the market opens on Wednesday, April 9th. Analysts expect AngloGold Ashanti to post earnings of $0.80 per share for the quarter.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. On average, analysts expect AngloGold Ashanti to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AngloGold Ashanti Stock Down 0.7 %

Shares of AngloGold Ashanti stock opened at $33.31 on Tuesday. AngloGold Ashanti has a one year low of $21.65 and a one year high of $38.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The stock’s 50-day moving average is $32.67 and its 200 day moving average is $28.51. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of 10.41 and a beta of 0.81.

AngloGold Ashanti Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Scotiabank lifted their target price on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada lifted their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.25.

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.