Scotiabank Reduces Earnings Estimates for AngloGold Ashanti

AngloGold Ashanti plc (NYSE:AU) – Equities researchers at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of AngloGold Ashanti in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $2.86 per share 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) last posted 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.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of AngloGold Ashanti in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. One 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.00.

AngloGold Ashanti Stock Performance

AU stock opened at $35.43 on Monday. The business’s fifty day moving average is $30.78 and its 200-day moving average is $27.90. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.87 billion, a P/E ratio of 11.07 and a beta of 0.92. AngloGold Ashanti has a twelve month low of $21.23 and a twelve month high of $36.69.

Institutional Trading of AngloGold Ashanti

A number of large investors have recently made changes to their positions in AU. Charles Schwab Investment Management Inc. increased its position in shares of AngloGold Ashanti by 297.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock valued at $6,900,000 after buying an additional 193,992 shares in the last quarter. Qsemble Capital Management LP bought a new position in AngloGold Ashanti during the 3rd quarter worth about $368,000. FMR LLC grew its holdings in shares of AngloGold Ashanti by 39.5% in the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after acquiring an additional 2,957,304 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of AngloGold Ashanti by 80.2% in the 3rd quarter. Bridgewater Associates LP now owns 185,968 shares of the mining company’s stock valued at $4,952,000 after acquiring an additional 82,788 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of AngloGold Ashanti by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 209,975 shares of the mining company’s stock valued at $5,592,000 after acquiring an additional 9,706 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 2.8%. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. AngloGold Ashanti’s dividend 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.