Scotiabank Cuts Earnings Estimates for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Analysts at Scotiabank reduced their FY2026 earnings estimates for shares of AngloGold Ashanti in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings per share of $8.28 for the year, down from their prior estimate of $8.43. Scotiabank has a “Sector Outperform” rating and a $128.00 price objective on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $8.19 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $8.58 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup cut their target price on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings cut AngloGold Ashanti from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Stock Up 6.4%

Shares of AU stock opened at $115.50 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. AngloGold Ashanti has a one year low of $52.26 and a one year high of $129.14. The company’s fifty day moving average price is $86.02 and its 200-day moving average price is $95.43. The company has a market capitalization of $58.31 billion, a price-to-earnings ratio of 15.48 and a beta of 0.66.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a return on equity of 39.54% and a net margin of 32.19%.

Institutional Investors Weigh In On AngloGold Ashanti

Large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of AngloGold Ashanti during the 1st quarter valued at approximately $321,000. Northwestern Mutual Wealth Management Co. increased its position in AngloGold Ashanti by 30.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in AngloGold Ashanti by 106.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the mining company’s stock valued at $153,000 after purchasing an additional 1,734 shares in the last quarter. First Trust Advisors LP raised its stake in AngloGold Ashanti by 88.4% during the second quarter. First Trust Advisors LP now owns 136,543 shares of the mining company’s stock valued at $6,200,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in AngloGold Ashanti during the second quarter valued at $1,740,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a $0.72 dividend. The ex-dividend date is Friday, August 21st. This represents a $2.88 annualized dividend and a yield of 2.5%. AngloGold Ashanti’s payout ratio is presently 6.70%.

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.