AngloGold Ashanti plc (NYSE:AU - Free Report) - Investment analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of AngloGold Ashanti in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $3.09 per share for the year, up from their prior estimate of $2.45. Scotiabank currently has a "Sector Perform" rating and a $30.00 target price on the stock. The consensus estimate for AngloGold Ashanti's current full-year earnings is $2.50 per share. Scotiabank also issued estimates for AngloGold Ashanti's FY2026 earnings at $3.01 EPS.
Other equities research analysts have also issued reports about the company. StockNews.com lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Investec upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.75.
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AngloGold Ashanti Stock Performance
Shares of AU stock traded up $0.85 during mid-day trading on Friday, reaching $26.03. The stock had a trading volume of 3,204,833 shares, compared to its average volume of 2,282,956. The firm has a market cap of $10.93 billion, a PE ratio of 8.13 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a one year low of $15.80 and a one year high of $32.57. The firm's 50 day simple moving average is $24.88 and its 200 day simple moving average is $27.13.
Hedge Funds Weigh In On AngloGold Ashanti
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of AngloGold Ashanti during the third quarter valued at approximately $126,000. JPMorgan Chase & Co. increased its position in shares of AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock valued at $127,000 after purchasing an additional 3,782 shares during the last quarter. Blue Trust Inc. increased its position in shares of AngloGold Ashanti by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 5,991 shares of the mining company's stock valued at $151,000 after purchasing an additional 2,520 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of AngloGold Ashanti during the 3rd quarter worth $222,000. Finally, Ballentine Partners LLC boosted its holdings in shares of AngloGold Ashanti by 5.9% in the 2nd quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company's stock worth $309,000 after buying an additional 682 shares during the last quarter. Institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Company Profile
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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.
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