In yesterday’s Wall Street session, AngloGold Ashanti Limited (NYSE:AU) shares traded at $23.89, down -0.42% from the previous session.
As of this writing, 11 analysts cover AngloGold Ashanti Limited (NYSE:AU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $29.50 and a low of $15.41, we find $22.50. Given the previous closing price of $23.99, this indicates a potential downside of -6.21 percent. AU stock price is now -4.84% away from the 50-day moving average and 25.96% away from the 200-day moving average. The market capitalization of the company currently stands at $10.07B.
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There are 6 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $23.38 as their price target over the next twelve months.
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A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AU stock. A new stake in AngloGold Ashanti Limited shares was purchased by UBS ASSET MANAGEMENT AMERICAS INC during the first quarter worth $19,109,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $13,753,000 in shares of AU during the first quarter. In the first quarter, ACADIAN ASSET MANAGEMENT LLC acquired a new stake in AngloGold Ashanti Limited valued at approximately $5,464,000. PRAETORIAN CAPITAL MANAGEMENT LLC acquired a new stake in AU for approximately $4,300,000. PRAETORIAN PR LLC purchased a new stake in AU valued at around $4,300,000 in the second quarter. In total, there are 285 active investors with 27.10% ownership of the company’s stock.
Wednesday morning saw AngloGold Ashanti Limited (NYSE: AU) opened at $24.02. During the past 12 months, AngloGold Ashanti Limited has had a low of $11.94 and a high of $30.26. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.50, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $12.35B, which is based on a 33.79 price-to-earnings ratio, a 2.89 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for AU is $25.19 and a two-hundred day moving average price translates $19.01 for the stock.
The latest earnings results from AngloGold Ashanti Limited (NYSE: AU) was released for Dec, 2022. The net profit margin was 6.60% and return on equity was 7.30% for AU.
Moreover, the firm recently paid out its quarterly dividend on 04/10/2023. Investors who held shares on 03/17/2023 were paid a $0.177042 dividend. On an annualized basis, this represents a $0.47 dividend and a 1.95% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend. In terms of dividend payout ratio, AU is presently at 61.30%.
AngloGold Ashanti Limited(AU) Company Profile
AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia. It also holds 92.5% interest in the Cerro Vanguardia project situated in Argentina; 70% interest in the Tropicana property in Australia; and 85% interest in the Siguiri project in Guinea. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
