Scotiabank Forecasts Lower Earnings for AngloGold Ashanti

AngloGold Ashanti plc (NYSE:AU) – Analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for AngloGold Ashanti in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $2.86 per share for the year, down from their previous estimate of $3.09. Scotiabank has a “Sector Perform” rating and a $34.00 price target 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.

Several other brokerages have also weighed in on AU. JPMorgan Chase & Co. cut their target price on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of AngloGold Ashanti in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus price target of $34.00.

AngloGold Ashanti Stock Down 1.8 %

Shares of AU opened at $34.84 on Monday. AngloGold Ashanti has a fifty-two week low of $21.23 and a fifty-two week high of $36.69. The company’s fifty day moving average is $30.96 and its two-hundred day moving average is $27.94. The firm has a market cap of $14.62 billion, a PE ratio of 10.89 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

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

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 given a $0.69 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from AngloGold Ashanti’s previous semi-annual dividend of $0.22. This represents a yield of 2.8%. AngloGold Ashanti’s dividend payout ratio (DPR) is 43.13%.

Institutional Trading of AngloGold Ashanti

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in shares of AngloGold Ashanti in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock valued at $27,000 after buying an additional 796 shares in the last quarter. Hara Capital LLC acquired a new stake in AngloGold Ashanti during the fourth quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. bought a new position in AngloGold Ashanti during the 4th quarter worth approximately $32,000. Finally, R Squared Ltd acquired a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

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.