Scotiabank Forecasts Weaker Earnings for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Equities researchers at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for AngloGold Ashanti in a research report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the mining company will post earnings per share of $8.43 for the year, down from their prior 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.

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

A number of other brokerages also recently weighed in on AU. Weiss Ratings downgraded shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. lowered their price objective on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday. Roth Capital dropped their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Finally, Wall Street Zen cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average target price of $110.50.

AngloGold Ashanti Trading Down 0.0%

NYSE AU opened at $76.75 on Monday. AngloGold Ashanti has a 12 month low of $45.36 and a 12 month high of $129.14. 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 stock has a 50 day moving average of $87.82 and a 200-day moving average of $96.90. The company has a market cap of $38.75 billion, a PE ratio of 11.25 and a beta of 0.65.

AngloGold Ashanti Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, May 29th. This is a boost from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is presently 68.04%.

Institutional Investors Weigh In On AngloGold Ashanti

A number of large investors have recently added to or reduced their stakes in AU. Handelsbanken Fonder AB lifted its holdings in AngloGold Ashanti by 26.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 202,909 shares of the mining company’s stock valued at $16,413,000 after purchasing an additional 42,714 shares during the last quarter. Arista Wealth Management LLC bought a new position in AngloGold Ashanti during the second quarter worth $243,000. Polianta Ltd increased its holdings in shares of AngloGold Ashanti by 35.5% in the second quarter. Polianta Ltd now owns 21,000 shares of the mining company’s stock valued at $1,698,000 after purchasing an additional 5,500 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of AngloGold Ashanti by 9.0% in the second quarter. Moody National Bank Trust Division now owns 2,575 shares of the mining company’s stock valued at $208,000 after purchasing an additional 213 shares during the last quarter. Finally, CX Institutional raised its position in shares of AngloGold Ashanti by 10.2% in the second quarter. CX Institutional now owns 42,817 shares of the mining company’s stock valued at $3,463,000 after purchasing an additional 3,972 shares during the period. Institutional investors own 36.09% of the company’s stock.

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.