AngloGold Ashanti Limited (AU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AngloGold Ashanti Limited (NYSE:AU) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.33.

AU has been the subject of several research reports. ValuEngine lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a report on Friday, January 18th. Finally, Scotiabank reaffirmed a “hold” rating and set a $14.00 price objective on shares of AngloGold Ashanti in a report on Sunday, January 20th.

Shares of NYSE AU traded down $0.21 during trading on Friday, hitting $12.97. The stock had a trading volume of 94,492 shares, compared to its average volume of 4,660,543. AngloGold Ashanti has a 12 month low of $7.07 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.79 and a beta of -1.05.

The business also recently announced an annual dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, March 22nd will be paid a $0.0679 dividend. This represents a yield of 0.46%. The ex-dividend date is Thursday, March 21st. AngloGold Ashanti’s dividend payout ratio is currently 9.43%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its position in AngloGold Ashanti by 2,107.1% in the 4th quarter. Quadrant Capital Group LLC now owns 8,078 shares of the mining company’s stock valued at $99,000 after acquiring an additional 7,712 shares during the last quarter. Northern Trust Corp grew its holdings in AngloGold Ashanti by 2.0% in the fourth quarter. Northern Trust Corp now owns 501,872 shares of the mining company’s stock valued at $6,299,000 after purchasing an additional 9,871 shares during the period. Maven Securities LTD acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $130,000. Campbell & CO Investment Adviser LLC acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $156,000. Finally, First Trust Advisors LP acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $143,000. 40.31% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

Further Reading: Dividend

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