AngloGold Ashanti (AU) Projected to Post Quarterly Earnings on Wednesday

AngloGold Ashanti (NYSE:AU) will likely be announcing its earnings results before the market opens on Wednesday, April 9th. Analysts expect the company to announce earnings of $0.80 per share for the quarter.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations 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 Up 1.0 %

Shares of NYSE AU opened at $37.47 on Wednesday. AngloGold Ashanti has a 52-week low of $21.65 and a 52-week high of $38.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company’s 50 day moving average price is $32.08 and its 200-day moving average price is $28.29. The company has a market capitalization of $15.73 billion, a P/E ratio of 11.71 and a beta of 0.92.

AngloGold Ashanti Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.69 dividend. This represents a dividend yield of 2.8%. 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. AngloGold Ashanti’s payout ratio is currently 43.13%.

Analyst Ratings Changes

Several brokerages have issued reports on AU. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of AngloGold Ashanti in a research note on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, Scotiabank lifted their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.