Scotiabank Lowers Earnings Estimates for AngloGold Ashanti

AngloGold Ashanti plc (NYSE:AU - Free Report) - Scotiabank lowered their FY2025 EPS estimates for AngloGold Ashanti in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $2.86 for the year, down from their prior forecast of $3.09. Scotiabank currently has a "Sector Perform" rating and a $34.00 target price on the stock. The consensus estimate for AngloGold Ashanti's current full-year earnings is $3.83 per share. Scotiabank also issued estimates for AngloGold Ashanti's FY2026 earnings at $2.51 EPS.

AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion.

Several other research firms have also weighed in on AU. JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of AngloGold Ashanti in a report on Thursday, February 20th. One investment 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. According to MarketBeat, AngloGold Ashanti presently has an average rating of "Hold" and an average target price of $34.00.

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AngloGold Ashanti Trading Up 1.7 %

AU stock traded up $0.60 during mid-day trading on Monday, reaching $36.16. 1,399,728 shares of the stock traded hands, compared to its average volume of 2,311,902. AngloGold Ashanti has a 52-week low of $21.37 and a 52-week high of $36.69. The stock's fifty day moving average is $31.31 and its 200-day moving average is $28.04. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $15.18 billion, a P/E ratio of 11.30 and a beta of 0.92.

Institutional Investors Weigh In On AngloGold Ashanti

A number of large investors have recently added to or reduced their stakes in AU. Van ECK Associates Corp grew its stake in shares of AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after buying an additional 2,491,130 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after buying an additional 3,882,283 shares during the period. FMR LLC boosted its position in shares of AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after purchasing an additional 2,957,304 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of AngloGold Ashanti by 274.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock worth $118,448,000 after buying an additional 3,764,165 shares during the period. Finally, Carrhae Capital LLP boosted its position in shares of AngloGold Ashanti by 170.0% during the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after purchasing an additional 2,177,783 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.69 dividend. This is an increase from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.8%. The ex-dividend date is Friday, March 14th. AngloGold Ashanti's payout ratio is currently 43.13%.

AngloGold Ashanti Company Profile

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.