Scotiabank Predicts Higher Earnings for AngloGold Ashanti

AngloGold Ashanti PLC (NYSE:AU) – Equities researchers at Scotiabank upped their FY2026 earnings per share estimates for shares of AngloGold Ashanti in a research report issued on Thursday, May 14th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $8.78 per share for the year, up from their prior estimate of $8.59. Scotiabank currently has a “Sector Outperform” rating and a $133.00 target price on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $9.37 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $9.10 EPS.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, May 8th. The mining company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 37.17%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.26 billion.

Several other brokerages have also commented on AU. Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Roth Mkm reissued a “buy” rating and issued a $121.00 target price on shares of AngloGold Ashanti in a research report on Monday. Citigroup upped their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research lowered AngloGold Ashanti from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.00.

AngloGold Ashanti Trading Down 0.7%

Shares of AU stock opened at $101.67 on Friday. AngloGold Ashanti has a 1-year low of $39.51 and a 1-year high of $129.14. The firm has a market cap of $51.33 billion, a PE ratio of 14.91 and a beta of 0.60. The company has a 50-day moving average of $99.76 and a two-hundred day moving average of $94.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 2.20.

AngloGold Ashanti Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from AngloGold Ashanti’s previous quarterly dividend of $0.17. AngloGold Ashanti’s payout ratio is currently 101.47%.

Institutional Investors Weigh In On AngloGold Ashanti

A number of hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors purchased a new position in AngloGold Ashanti in the 1st quarter valued at approximately $26,000. HHM Wealth Advisors LLC acquired a new stake in shares of AngloGold Ashanti in the third quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of AngloGold Ashanti in the fourth quarter valued at $31,000. Garton & Associates Financial Advisors LLC purchased a new position in AngloGold Ashanti in the fourth quarter valued at $34,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in AngloGold Ashanti in the fourth quarter valued at $36,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

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.