AngloGold Ashanti (NYSE:AU) Posts Quarterly Earnings Results, Hits Estimates

AngloGold Ashanti (NYSE:AU) announced its quarterly earnings data on Friday. The mining company reported $1.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.90, Zacks reports. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.99 billion.

Here are the key takeaways from AngloGold Ashanti’s conference call:

• Record free cash flow of $2.9 billion in 2025 (Q4 > $1bn) drove adjusted EBITDA +129% and headline earnings +186%, and the board returned a record shareholder payout (Q4 $875m; ~ $1.8–2.0bn total for 2025).
• Balance sheet strengthened to net cash of $879 million with $4.4bn liquidity at year‑end, enabling large dividends while retaining capacity to fund growth and no material near‑term maturities.
• Arthur Gold Project is material — a 4.9Moz initial Merlin reserve (PFS: ~4.5Moz production over 9 years, ~500k oz/yr average), ~ $3.6bn initial capex and >20% returns at PFS, with feasibility starting Q2 2026 and permitting work underway, presenting a potential Tier‑1 long‑life asset.
• 2026 guidance targets 2.8–3.17Moz but raises managed cash costs to $1,335–$1,455/oz (driven by higher royalties, inflation and FX) and requires elevated growth capex (Nevada, Sukari, tailings), which could weigh on near‑term margins despite strong cash generation.

AngloGold Ashanti Stock Performance

NYSE AU opened at $114.38 on Friday. The company has a market cap of $57.75 billion, a P/E ratio of 22.04 and a beta of 0.59. The company has a fifty day simple moving average of $97.79 and a 200 day simple moving average of $79.36. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. AngloGold Ashanti has a 12-month low of $28.44 and a 12-month high of $115.81.

AngloGold Ashanti Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a $0.173 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.69 annualized dividend and a yield of 0.6%. AngloGold Ashanti’s dividend payout ratio (DPR) is presently 70.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new position in AngloGold Ashanti during the 4th quarter valued at about $367,000. Mindset Wealth Management LLC bought a new position in shares of AngloGold Ashanti in the fourth quarter valued at approximately $316,000. Empowered Funds LLC purchased a new position in shares of AngloGold Ashanti during the first quarter valued at approximately $321,000. Glenmede Investment Management LP purchased a new position in shares of AngloGold Ashanti during the third quarter valued at approximately $273,000. Finally, Brooklyn Investment Group bought a new stake in AngloGold Ashanti during the fourth quarter worth $271,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about AngloGold Ashanti

Here are the key news stories impacting AngloGold Ashanti this week:

• Positive Sentiment: AngloGold expanded its Nevada footprint via the Augusta deal and emphasized growth in the U.S., supporting longer‑term production optionality and investor confidence. AngloGold Ashanti Expands Nevada Footprint With Augusta Deal And Growth Focus
• Positive Sentiment: AngloGold led a C$44M strategic investment in Thesis Gold (with participation by Centerra), expanding its exposure to early‑stage exploration upside and signalling willingness to back pipeline deals. Thesis Gold Announces Strategic Investment by AngloGold Ashanti
• Positive Sentiment: Research pieces are highlighting AU as a low‑beta and dividend‑yield candidate, making it attractive to defensive and income‑seeking investors amid market volatility. That increases demand from portfolio managers seeking stability. Best Low-Beta Stocks to Own Right Away: CBOE, AU, SKM & SSL
• Positive Sentiment: Zacks and other outlets included AU among top dividend or income‑oriented names, which supports buying from income-focused investors and dividend-screen strategies. Buy 5 Top-Ranked Solid Dividend-Paying Stocks to Remain Safe in 2026
• Neutral Sentiment: Peer‑comparison pieces examine AU versus other basic‑materials/mining names; they provide context for relative valuation and performance but don’t introduce new company‑specific catalysts. AngloGold Ashanti Plc Versus Peers What Comparisons Matter Most
• Neutral Sentiment: Coverage comparing AU’s YTD performance to peers notes some outperformance, which may attract momentum flows but is informational rather than a fresh fundamental driver. Is AngloGold Ashanti (AU) Stock Outpacing Its Basic Materials Peers This Year?
• Negative Sentiment: Quarterly results: AU reported revenue of $3.07B (above estimates) and strong margins/ROE, but EPS of $1.68 missed consensus ($1.90). The EPS miss is a short‑term headwind, though management commentary/slide deck may have tempered the reaction. Earnings Report and Conference Call

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AU shares. Citigroup lifted their target price on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Finally, Roth Mkm restated a “buy” rating and issued a $122.00 price target on shares of AngloGold Ashanti in a report on Friday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

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.