AngloGold Ashanti (NYSE:AU) to Issue $0.06 None Dividend

AngloGold Ashanti (NYSE:AU) declared a None dividend on Tuesday, February 20th, Zacks reports. Stockholders of record on Friday, March 23rd will be paid a dividend of 0.055 per share by the mining company on Monday, April 16th. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, March 22nd.

AU stock traded up $0.03 during trading on Friday, hitting $9.29. The company had a trading volume of 1,925,244 shares, compared to its average volume of 2,912,239. The company has a market capitalization of $3,802.96, a P/E ratio of 154.83 and a beta of -0.93. AngloGold Ashanti has a fifty-two week low of $8.86 and a fifty-two week high of $13.31. The company has a quick ratio of 0.63, a current ratio of 1.57 and a debt-to-equity ratio of 0.82.

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In other AngloGold Ashanti news, Director Lotan Holdings Inc. bought 50,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were bought at an average price of $0.92 per share, with a total value of $46,000.00. In the last 90 days, insiders have acquired 181,300 shares of company stock worth $170,623.

An institutional investor recently raised its position in AngloGold Ashanti stock. State Street Corp boosted its stake in shares of AngloGold Ashanti (NYSE:AU) by 17.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,609 shares of the mining company’s stock after purchasing an additional 23,804 shares during the quarter. State Street Corp’s holdings in AngloGold Ashanti were worth $1,560,000 at the end of the most recent quarter. 31.57% of the stock is owned by institutional investors.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, January 3rd. ValuEngine cut shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.25.

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AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining and exploration company. The company also produces silver, uranium oxide, copper, and sulphuric acid. Its portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.

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