AngloGold Ashanti plc (NYSE:AU) Declares Dividend Increase – $0.22 Per Share

AngloGold Ashanti plc (NYSE:AU) announced a Semi-Annual dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.22 per share by the mining company on Friday, September 13th. The ex-dividend date is Friday, August 30th. This is an increase from AngloGold Ashanti’s previous Semi-Annual dividend of $0.19.

AngloGold Ashanti has increased its dividend payment by an average of 32.3% annually over the last three years.

AngloGold Ashanti Stock Down 0.8 %

Shares of AU traded down $0.23 during trading hours on Wednesday, hitting $27.65. The company had a trading volume of 144,877 shares, compared to its average volume of 1,916,878. AngloGold Ashanti has a 52-week low of $14.91 and a 52-week high of $30.09. The stock’s 50 day moving average price is $25.89 and its 200 day moving average price is $22.94.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts expect that AngloGold Ashanti will post 2.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AU. HSBC lowered AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 3rd. Finally, Scotiabank upped their price objective on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.50.

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.