Scotiabank Analysts Decrease Earnings Estimates for AU

AngloGold Ashanti PLC (NYSE:AU) – Analysts at Scotiabank cut their FY2026 EPS estimates for AngloGold Ashanti in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $8.43 per share for the year, down from their previous forecast of $8.78. Scotiabank has a “Sector Outperform” rating and a $128.00 price objective on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $8.79 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $8.66 EPS.

AU has been the subject of a number of other reports. Royal Bank Of Canada reduced their price objective on shares of AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Roth Capital dropped their target price on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Zacks Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. reduced their price target on AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Finally, Citigroup decreased their price objective on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $74.89 on Monday. The stock has a market capitalization of $37.81 billion, a P/E ratio of 10.98 and a beta of 0.65. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $87.15 and its 200 day moving average is $96.82. AngloGold Ashanti has a 12 month low of $45.36 and a 12 month high of $129.14.

AngloGold Ashanti (NYSE:AU) last issued its earnings results on Friday, May 8th. The mining company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%.

AngloGold Ashanti Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.16 per share. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. This represents a $4.64 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, May 29th. AngloGold Ashanti’s dividend payout ratio is presently 68.04%.

Institutional Trading of AngloGold Ashanti

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in AngloGold Ashanti in the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in shares of AngloGold Ashanti in the fourth quarter worth $31,000. Garton & Associates Financial Advisors LLC bought a new position in shares of AngloGold Ashanti in the fourth quarter worth $34,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of AngloGold Ashanti in the fourth quarter worth $36,000. Finally, Global Retirement Partners LLC raised its position in shares of AngloGold Ashanti by 454.1% in the fourth quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after buying an additional 386 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

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.