Scotiabank Expects Stronger Earnings for AngloGold Ashanti

AngloGold Ashanti plc (NYSE:AU) – Stock analysts at Scotiabank raised their FY2025 EPS estimates for shares of AngloGold Ashanti in a report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $3.09 for the year, up from their previous estimate of $2.45. Scotiabank has a “Sector Perform” rating and a $30.00 price objective on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $2.50 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2026 earnings at $3.01 EPS.

AU has been the subject of a number of other reports. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Tuesday, December 3rd. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, AngloGold Ashanti presently has an average rating of “Hold” and a consensus target price of $31.75.

AngloGold Ashanti Stock Performance

Shares of NYSE AU opened at $26.03 on Friday. The company has a market cap of $10.93 billion, a PE ratio of 8.13 and a beta of 0.94. AngloGold Ashanti has a 12 month low of $15.80 and a 12 month high of $32.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $27.16.

Institutional Trading of AngloGold Ashanti

Several institutional investors have recently added to or reduced their stakes in AU. US Bancorp DE increased its stake in AngloGold Ashanti by 1.0% during the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock valued at $1,254,000 after purchasing an additional 466 shares during the last quarter. Sei Investments Co. increased its stake in AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 656 shares during the last quarter. Ballentine Partners LLC increased its stake in AngloGold Ashanti by 5.9% during the second quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company’s stock valued at $309,000 after purchasing an additional 682 shares during the last quarter. Quantinno Capital Management LP increased its stake in AngloGold Ashanti by 6.1% during the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company’s stock valued at $695,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in AngloGold Ashanti by 72.6% during the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after purchasing an additional 2,520 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

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.