AngloGold Ashanti FY2026 Earnings Forecast Cut by Scotiabank

AngloGold Ashanti PLC (NYSE:AU) – Scotiabank dropped their FY2026 EPS estimates for AngloGold Ashanti in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $8.22 per share for the year, down from their previous forecast of $8.28. Scotiabank currently has a “Sector Outperform” rating and a $128.00 target price on the stock. The consensus estimate for AngloGold Ashanti’s current full-year earnings is $8.08 per share. Scotiabank also issued estimates for AngloGold Ashanti’s FY2027 earnings at $8.57 EPS.

A number of other research firms also recently issued reports on AU. The Goldman Sachs Group began coverage on shares of AngloGold Ashanti in a report on Thursday, October 15th. They set a “buy” rating and a $104.00 price objective on the stock. BMO Capital Markets cut shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 price target on the stock. in a report on Thursday, September 10th. Citigroup cut their price target on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on shares of AngloGold Ashanti from $111.00 to $119.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Weiss Ratings lowered shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Buy” and a consensus price target of $118.35.

AngloGold Ashanti Stock Performance

Shares of AU opened at $87.95 on Thursday. The firm has a market capitalization of $44.40 billion, a P/E ratio of 11.79 and a beta of 0.72. AngloGold Ashanti has a 52 week low of $65.48 and a 52 week high of $129.14. The stock has a 50 day moving average price of $96.80 and a two-hundred day moving average price of $96.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.71.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings results on Thursday, November 5th. The mining company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.22). The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.89 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AU. Latitude Advisors LLC bought a new position in AngloGold Ashanti during the third quarter worth about $25,000. Ascentis Independent Advisors purchased a new position in shares of AngloGold Ashanti in the first quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $31,000. Ancora Advisors LLC bought a new stake in shares of AngloGold Ashanti in the second quarter valued at approximately $30,000. Finally, KBC Group NV purchased a new stake in shares of AngloGold Ashanti during the 1st quarter valued at approximately $55,000. Institutional investors own 36.09% of the company’s stock.

About AngloGold Ashanti

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.