StockNews.com upgraded shares of AngloGold Ashanti (NYSE:AU – Get Rating) from a hold rating to a buy rating in a research note published on Monday morning.
Other equities analysts have also issued research reports about the company. Investec upgraded AngloGold Ashanti from a hold rating to a buy rating in a research note on Thursday, July 7th. Deutsche Bank Aktiengesellschaft cut their price target on AngloGold Ashanti from $19.00 to $17.50 in a research report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti currently has a consensus rating of Moderate Buy and a consensus price target of $19.23.
Get AngloGold Ashanti alerts:AngloGold Ashanti Stock Performance
Shares of AU stock opened at $16.11 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.80 and a current ratio of 2.69. The business has a fifty day moving average of $15.38 and a 200 day moving average of $19.28. AngloGold Ashanti has a 1 year low of $13.47 and a 1 year high of $26.96.
AngloGold Ashanti Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 26th will be given a dividend of $0.2935 per share. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.14. This represents a yield of 2.7%. The ex-dividend date is Thursday, August 25th.Institutional Investors Weigh In On AngloGold Ashanti
A number of institutional investors have recently modified their holdings of AU. Larson Financial Group LLC acquired a new stake in shares of AngloGold Ashanti during the 2nd quarter valued at about $32,000. Lindbrook Capital LLC lifted its stake in AngloGold Ashanti by 83.0% in the 2nd quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company's stock valued at $42,000 after buying an additional 1,298 shares in the last quarter. CWM LLC purchased a new position in AngloGold Ashanti in the 4th quarter valued at about $72,000. Advisor Group Holdings Inc. lifted its stake in AngloGold Ashanti by 22.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,826 shares of the mining company's stock valued at $100,000 after buying an additional 871 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in AngloGold Ashanti in the 1st quarter valued at about $204,000. 31.89% of the stock is currently owned by institutional investors and hedge funds.
About AngloGold Ashanti
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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. 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 explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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