FY2025 EPS Estimate for AngloGold Ashanti Boosted by Analyst

AngloGold Ashanti plc (NYSE:AU) – Analysts at Scotiabank raised their FY2025 EPS estimates for shares of AngloGold Ashanti in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $3.09 per share for the year, up from their prior forecast of $2.45. Scotiabank 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.

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

AngloGold Ashanti Trading Up 3.1 %

NYSE:AU opened at $25.21 on Friday. The company has a market cap of $10.58 billion, a PE ratio of 7.88 and a beta of 0.94. The business’s 50 day moving average is $24.88 and its two-hundred day moving average is $27.13. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a 52 week low of $15.80 and a 52 week high of $32.57.

Hedge Funds Weigh In On AngloGold Ashanti

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock worth $127,000 after buying an additional 3,782 shares during the period. Tidal Investments LLC increased its holdings in shares of AngloGold Ashanti by 80.5% during the 3rd 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 grew its position in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after buying an additional 962,141 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in AngloGold Ashanti in the third quarter worth $1,606,000. Institutional investors own 36.09% of the company’s stock.

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.