FY2025 EPS Estimate for AngloGold Ashanti Lifted by Analyst

AngloGold Ashanti plc (NYSE:AU) – Research analysts at Scotiabank upped their FY2025 earnings estimates for AngloGold Ashanti in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $3.09 per share for the year, up from their prior estimate of $2.45. Scotiabank currently 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.

Several other research analysts have also recently weighed in on AU. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, December 3rd. JPMorgan Chase & Co. dropped their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti has an average rating of “Hold” and a consensus price target of $31.75.

AngloGold Ashanti Stock Up 3.1 %

Shares of AngloGold Ashanti stock opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a 1 year low of $15.80 and a 1 year high of $32.57. The business has a 50-day moving average of $24.88 and a two-hundred day moving average of $27.13. The company has a market capitalization of $10.58 billion, a P/E ratio of 7.88 and a beta of 0.94.

Institutional Investors Weigh In On AngloGold Ashanti

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of AngloGold Ashanti by 80.5% during the third quarter. Tidal Investments LLC now owns 25,452 shares of the mining company’s stock worth $678,000 after purchasing an additional 11,352 shares during the period. TT International Asset Management LTD increased its holdings in AngloGold Ashanti by 51.3% in the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after purchasing an additional 962,141 shares during the period. Geode Capital Management LLC raised its position in AngloGold Ashanti by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 327,108 shares of the mining company’s stock worth $8,711,000 after purchasing an additional 8,676 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in AngloGold Ashanti during the 3rd quarter worth about $1,606,000. 36.09% of the stock is currently owned by institutional investors.

About AngloGold Ashanti

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.