AngloGold Ashanti Limited (NYSE:AU) declared an annual dividend on Tuesday, February 23rd, Wall Street Journal reports. Investors of record on Friday, March 12th will be given a dividend of 0.4805 per share by the mining company on Monday, April 5th. This represents a yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 11th. This is an increase from AngloGold Ashanti’s previous annual dividend of $0.11.
AngloGold Ashanti has decreased its dividend by 0.7% over the last three years.
AU traded down $0.20 during mid-day trading on Tuesday, hitting $20.96. The stock had a trading volume of 3,139,705 shares, compared to its average volume of 3,189,503. The stock’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $24.99. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.34 and a beta of 0.43. AngloGold Ashanti has a 1-year low of $12.66 and a 1-year high of $38.50. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.65 and a quick ratio of 1.99.
A number of research analysts have issued reports on AU shares. BMO Capital Markets raised AngloGold Ashanti from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $35.00 to $36.00 in a research note on Monday, December 7th. The Goldman Sachs Group began coverage on shares of AngloGold Ashanti in a research note on Thursday, February 11th. They issued a “buy” rating on the stock. Royal Bank of Canada downgraded shares of AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a research report on Monday. Finally, Zacks Investment Research cut shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.32.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dÃ³re bars. The company operates 14 mines and three projects in nine countries in South Africa, Continental Africa, the Americas, and Australia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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