Scotiabank Forecasts Stronger Earnings for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Stock analysts at Scotiabank boosted their FY2026 EPS estimates for shares of AngloGold Ashanti in a research note issued on Thursday, May 14th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $8.78 for the year, up from their prior estimate of $8.59. Scotiabank has a “Sector Outperform” rating and a $133.00 price target on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $9.37 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $9.10 EPS.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a return on equity of 37.17% and a net margin of 31.11%.The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.26 billion.

AU has been the subject of several other reports. Zacks Research downgraded AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings cut shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Citigroup increased their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Roth Mkm restated a “buy” rating and set a $121.00 price target on shares of AngloGold Ashanti in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $112.00.

AngloGold Ashanti Stock Performance

Shares of NYSE:AU opened at $101.67 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 2.20. The business’s 50 day moving average price is $99.76 and its 200-day moving average price is $94.88. The firm has a market capitalization of $51.33 billion, a PE ratio of 14.91 and a beta of 0.60. AngloGold Ashanti has a 1 year low of $39.51 and a 1 year high of $129.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in AngloGold Ashanti during the third quarter worth about $25,000. Ascentis Independent Advisors acquired a new position in AngloGold Ashanti in the 1st quarter valued at about $26,000. Zions Bancorporation National Association UT purchased a new stake in shares of AngloGold Ashanti in the 4th quarter valued at approximately $31,000. UMB Bank n.a. grew its stake in shares of AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after buying an additional 276 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of AngloGold Ashanti during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 4.6%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is presently 101.47%.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by?products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.