AngloGold Ashanti Limited (NYSE:AU) Announces Dividend Increase – $0.48 Per Share

AngloGold Ashanti Limited (NYSE:AU) announced an annual dividend on Tuesday, February 23rd, Wall Street Journal reports. Investors of record on Friday, March 12th will be paid 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 payment by 0.7% over the last three years.

Shares of NYSE:AU traded down $0.20 during trading on Tuesday, reaching $20.96. 3,139,705 shares of the company traded hands, compared to its average volume of 3,189,503. AngloGold Ashanti has a 1-year low of $12.66 and a 1-year high of $38.50. The company has a quick ratio of 1.99, a current ratio of 2.65 and a debt-to-equity ratio of 0.85. The firm has a market cap of $8.69 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.34 and a beta of 0.43. The firm has a fifty day simple moving average of $23.14 and a 200 day simple moving average of $24.99.

Several equities research analysts recently issued reports on AU shares. BMO Capital Markets raised shares of AngloGold Ashanti from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $35.00 to $36.00 in a research note on Monday, December 7th. The Goldman Sachs Group started coverage on AngloGold Ashanti in a report on Thursday, February 11th. They set a “buy” rating on the stock. Royal Bank of Canada lowered AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a report on Monday. Finally, Zacks Investment Research downgraded AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus target price of $35.32.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre 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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