AngloGold Ashanti (AU) Expected to Announce Earnings on Wednesday

AngloGold Ashanti (NYSE:AU) will likely 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 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 during 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 Performance

Shares of AngloGold Ashanti stock opened at $33.55 on Monday. The firm has a market cap of $14.08 billion, a PE ratio of 10.48 and a beta of 0.81. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a 52 week low of $21.65 and a 52 week high of $38.63. The business’s fifty day simple moving average is $32.56 and its 200-day simple moving average is $28.47.

AngloGold Ashanti Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on AU shares. Royal Bank of Canada raised their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Scotiabank boosted their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average price target of $35.25.

About AngloGold Ashanti

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.