AngloGold Ashanti (NYSE:AU) Price Target Raised to $54.00

AngloGold Ashanti (NYSE:AU - Get Free Report) had its target price raised by equities researchers at Roth Capital from $52.00 to $54.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the mining company's stock. Roth Capital's price target would suggest a potential upside of 15.85% from the stock's previous close. Roth Capital also issued estimates for AngloGold Ashanti's Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.64 EPS.

Several other research firms also recently commented on AU. Scotiabank raised their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. HSBC restated a "reduce" rating and issued a $35.00 target price on shares of AngloGold Ashanti in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Royal Bank Of Canada raised their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Wall Street Zen downgraded AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, AngloGold Ashanti currently has an average rating of "Moderate Buy" and a consensus price target of $43.42.

AngloGold Ashanti Stock Performance

Shares of AU traded up $0.81 during trading hours on Tuesday, reaching $46.61. 2,561,153 shares of the company traded hands, compared to its average volume of 2,860,828. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.34. The stock's fifty day moving average is $44.26 and its 200 day moving average is $35.78. AngloGold Ashanti has a 1-year low of $22.45 and a 1-year high of $51.11. The stock has a market cap of $19.56 billion, a P/E ratio of 15.33 and a beta of 0.48.

AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.84 billion. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. Equities research analysts anticipate that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AngloGold Ashanti

Large investors have recently modified their holdings of the business. Global Trust Asset Management LLC acquired a new position in AngloGold Ashanti during the first quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in AngloGold Ashanti in the 1st quarter valued at about $30,000. SVB Wealth LLC bought a new position in shares of AngloGold Ashanti during the first quarter worth approximately $32,000. Whittier Trust Co. acquired a new stake in shares of AngloGold Ashanti during the fourth quarter worth $25,000. Finally, EverSource Wealth Advisors LLC raised its stake in AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after purchasing an additional 796 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

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.