AngloGold Ashanti (NYSE:AU) Price Target Raised to $131.00 at JPMorgan Chase & Co.

AngloGold Ashanti (NYSE:AU) had its target price hoisted by JPMorgan Chase & Co. from $128.00 to $131.00 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the mining company’s stock.

Several other research analysts have also commented on AU. HSBC reiterated a “reduce” rating and issued a $55.00 price target on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Scotiabank lifted their target price on AngloGold Ashanti from $90.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Wednesday, November 12th. Zacks Research raised AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Weiss Ratings upgraded AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $83.67 on Wednesday. AngloGold Ashanti has a 52-week low of $22.45 and a 52-week high of $89.19. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $74.71 and its 200 day moving average is $59.92. The company has a market cap of $35.12 billion, a price-to-earnings ratio of 18.43 and a beta of 0.58.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Tuesday, November 11th. The mining company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.53 billion. AngloGold Ashanti had a return on equity of 24.50% and a net margin of 26.25%. Sell-side analysts forecast that AngloGold Ashanti will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 80.18%.

Institutional Trading of AngloGold Ashanti

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of AngloGold Ashanti by 0.5% during the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock worth $2,245,000 after purchasing an additional 147 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in AngloGold Ashanti by 33.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in AngloGold Ashanti by 4.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,528 shares of the mining company’s stock valued at $248,000 after buying an additional 161 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in AngloGold Ashanti by 27.3% during the 3rd quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock valued at $71,000 after buying an additional 216 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in AngloGold Ashanti by 13.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 36.09% of the company’s stock.

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.