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AngloGold Ashanti posts earnings miss, announces dividend
AngloGold Ashanti plc reported second‑quarter earnings of $1.98 per share, falling short of analysts' consensus estimate of $2.03. Revenue for the quarter was $3.10 billion, below the $3.20 billion forecast. The company posted a net margin of 31.11% and a return on equity of 36.41%.
The mining group declared a quarterly dividend of $0.72 per share, representing an annualized payout of $4.64 and a yield of about 5.9%. The dividend follows a recent increase and reflects the company's commitment to return cash to shareholders despite a payout ratio that exceeds earnings.
In the earnings call, CEO Alberto Calderon referenced a fatal accident at the Obuasi mine in Ghana on April 24, which led to a two‑week suspension of operations while an investigation was conducted. The company said it is taking steps to improve safety and prevent future incidents.
Entities
AGCO Corporation · Alberto Calderon · AngloGold Ashanti PLC · Canadian Imperial Bank of Commerce · Definity Financial · Jefferies Financial Group · Johannesburg · National Bank Financial · Obuasi · Stewart Bailey · TD (Toronto-Dominion Bank)
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] National Bank Financial raised its target price for Definity Financial from C$94.00 to C$96.00.
- [○ 1 SOURCE] The consensus rating for Definity Financial is Moderate Buy with an average target price of C$83.40.
- [○ 1 SOURCE] TD increased its price objective for Definity Financial from C$89.00 to C$93.00.
- [○ 1 SOURCE] Definity Financial shares rose C$1.02 to C$79.53 on a volume of 209,804, above the average volume of 179,424.
- [○ 1 SOURCE] Desjardins reduced its price target for Definity Financial from C$75.00 to C$73.00 and set a hold rating.
- [○ 1 SOURCE] Barclays increased its price target for Definity Financial from C$78.00 to C$79.00.
- [○ 1 SOURCE] Jefferies Financial Group increased its price objective for Definity Financial from C$83.00 to C$91.00.
- [○ 1 SOURCE] Canadian Imperial Bank of Commerce lifted its target price for Definity Financial from C$74.00 to C$84.00.