Scotiabank Predicts Reduced Earnings for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Scotiabank reduced their FY2026 earnings per share (EPS) estimates for AngloGold Ashanti in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $8.43 per share for the year, down from their previous estimate of $8.78. Scotiabank currently has a “Sector Outperform” rating and a $128.00 target price on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $8.79 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $8.66 EPS.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.25. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%.

Other analysts also recently issued reports about the stock. Roth Capital dropped their price target on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Royal Bank Of Canada decreased their price objective on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Citigroup lowered their price objective on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wall Street Zen downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, AngloGold Ashanti has a consensus rating of “Moderate Buy” and an average price target of $110.50.

AngloGold Ashanti Stock Performance

AU stock opened at $78.43 on Monday. The company has a market capitalization of $39.60 billion, a P/E ratio of 11.50 and a beta of 0.65. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $86.63 and a 200 day simple moving average of $96.77. AngloGold Ashanti has a fifty-two week low of $45.36 and a fifty-two week high of $129.14.

AngloGold Ashanti Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 5.9%. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s dividend payout ratio is 68.04%.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $26,000. Zions Bancorporation National Association UT purchased a new position in AngloGold Ashanti in the 4th quarter worth about $31,000. Garton & Associates Financial Advisors LLC purchased a new position in AngloGold Ashanti in the 4th quarter worth about $34,000. Ancora Advisors LLC acquired a new stake in AngloGold Ashanti during the 3rd quarter worth about $35,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $36,000. 36.09% of the stock is owned by institutional investors and hedge funds.

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.