FY2025 EPS Forecast for AngloGold Ashanti Lifted by Analyst

AngloGold Ashanti PLC (NYSE:AU) – Analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for shares of AngloGold Ashanti in a research note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $5.53 for the year, up from their previous forecast of $5.46. Scotiabank currently has a “Outperform” rating and a $131.00 price target on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $3.83 per share.

A number of other research firms have also commented on AU. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. HSBC reissued a “reduce” rating and issued a $55.00 target price on shares of AngloGold Ashanti in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a report on Wednesday, January 21st. Roth Mkm boosted their price objective on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup increased their target price on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Stock Up 2.0%

AU opened at $94.74 on Monday. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 20.87 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The firm’s 50-day simple moving average is $91.45 and its 200-day simple moving average is $74.00. AngloGold Ashanti has a twelve month low of $28.44 and a twelve month high of $115.81.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.53 billion. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently made changes to their positions in AU. Amalgamated Bank acquired a new position in shares of AngloGold Ashanti during the second quarter worth about $1,270,000. Franklin Resources Inc. lifted its stake in AngloGold Ashanti by 14.2% in the 2nd quarter. Franklin Resources Inc. now owns 1,675,740 shares of the mining company’s stock valued at $76,376,000 after acquiring an additional 207,923 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in AngloGold Ashanti during the 3rd quarter worth approximately $1,408,000. Whitaker Myers Wealth Managers LTD. acquired a new position in AngloGold Ashanti during the 3rd quarter worth approximately $887,000. Finally, U S Global Investors Inc. grew its stake in shares of AngloGold Ashanti by 8.3% during the 2nd quarter. U S Global Investors Inc. now owns 65,000 shares of the mining company’s stock worth $2,962,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, November 28th. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 80.18%.

AngloGold Ashanti Company Profile

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.