Scotiabank Raises Earnings Estimates for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Research analysts at Scotiabank raised their FY2026 EPS estimates for AngloGold Ashanti in a research note issued on Thursday, February 26th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $8.65 for the year, up from their previous estimate of $8.58. Scotiabank currently has a “Outperform” rating 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 FY2027 earnings at $8.77 EPS.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.90. AngloGold Ashanti had a return on equity of 29.70% and a net margin of 26.65%.The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.99 billion.

Other research analysts have also issued reports about the company. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Zacks Research downgraded shares of AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Citigroup upped their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.50.

AngloGold Ashanti Stock Up 1.3%

Shares of AngloGold Ashanti stock opened at $127.73 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. AngloGold Ashanti has a 1-year low of $28.44 and a 1-year high of $128.54. The business’s fifty day moving average price is $101.77 and its two-hundred day moving average price is $81.89. The company has a market capitalization of $64.49 billion, a P/E ratio of 24.61 and a beta of 0.55.

Institutional Trading of AngloGold Ashanti

A number of large investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new position in shares of AngloGold Ashanti in the third quarter valued at $25,000. Zions Bancorporation National Association UT bought a new stake in shares of AngloGold Ashanti during the 4th quarter worth $31,000. UMB Bank n.a. grew its holdings in shares of AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock worth $34,000 after acquiring an additional 276 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of AngloGold Ashanti in the 4th quarter worth $34,000. Finally, Optimum Investment Advisors acquired a new stake in shares of AngloGold Ashanti during the third quarter worth $35,000. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.173 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, March 13th. AngloGold Ashanti’s payout ratio is presently 70.13%.

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.