FY2025 EPS Estimates for AngloGold Ashanti Cut by Scotiabank

AngloGold Ashanti plc (NYSE:AU) – Equities researchers at Scotiabank cut their FY2025 EPS estimates for shares of AngloGold Ashanti in a research note issued to investors 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 prior forecast of $3.09. Scotiabank currently 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.

AngloGold Ashanti (NYSE:AU) last posted its earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate 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 firms have also recently issued reports on AU. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of AngloGold Ashanti in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AngloGold Ashanti currently has an average rating of “Hold” and an average price target of $34.00.

AngloGold Ashanti Trading Down 1.8 %

NYSE:AU opened at $34.84 on Monday. The firm has a market capitalization of $14.62 billion, a P/E ratio of 10.89 and a beta of 0.92. The business has a 50 day simple moving average of $30.96 and a 200 day simple moving average of $27.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a 12-month low of $21.23 and a 12-month high of $36.69.

Hedge Funds Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently bought and sold shares of AU. JPMorgan Chase & Co. boosted its holdings in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after acquiring an additional 3,782 shares in the last quarter. TT International Asset Management LTD boosted its stake in AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after purchasing an additional 962,141 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AngloGold Ashanti by 297.9% during 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 purchasing an additional 193,992 shares during the period. Van ECK Associates Corp lifted its holdings in shares of AngloGold Ashanti by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company’s stock valued at $586,504,000 after buying an additional 2,491,130 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in AngloGold Ashanti by 1,504.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock valued at $10,419,000 after buying an additional 367,306 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.69 dividend. This is a boost from AngloGold Ashanti’s previous semi-annual dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 2.8%. AngloGold Ashanti’s dividend payout ratio is presently 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.