Scotiabank Expects Higher Earnings for AngloGold Ashanti

Key Points

• Scotiabank raised its FY2026 EPS estimate for AngloGold Ashanti to $8.59 (from $8.57), kept a Sector Outperform rating and a $133 price objective, and projects FY2027 EPS of $8.69 versus a consensus of $8.78.
• The company cut its quarterly dividend to $0.173 (annualized $0.69) for a 0.7% yield, while the dividend payout ratio stands at a high 133.33%, indicating payouts exceed earnings.
• Analyst coverage is mixed but the stock holds an average “Moderate Buy” consensus with a $112.20 target; shares traded around $98.14, below the consensus target and within a 52‑week range of $38.61–$129.14.

AngloGold Ashanti PLC (NYSE:AU - Free Report) - Stock analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of AngloGold Ashanti in a research report issued on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $8.59 for the year, up from their prior forecast of $8.57. Scotiabank currently has a "Sector Outperform" rating and a $133.00 price objective on the stock. The consensus estimate for AngloGold Ashanti's current full-year earnings is $8.78 per share. Scotiabank also issued estimates for AngloGold Ashanti's FY2027 earnings at $8.69 EPS.

A number of other brokerages also recently issued reports on AU. Roth Mkm reaffirmed a "buy" rating and issued a $122.00 target price on shares of AngloGold Ashanti in a research note on Friday, February 20th. Wall Street Zen cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Zacks Research cut AngloGold Ashanti from a "strong-buy" rating to a "hold" rating in a report on Monday, February 23rd. Weiss Ratings upgraded AngloGold Ashanti from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, April 13th. Finally, Citigroup increased their price target on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $112.20.

AngloGold Ashanti Stock Down 1.2%

Shares of AU opened at $98.14 on Tuesday. AngloGold Ashanti has a 52-week low of $38.61 and a 52-week high of $129.14. The company has a market capitalization of $49.55 billion, a PE ratio of 18.91 and a beta of 0.66. The stock has a fifty day simple moving average of $104.01 and a two-hundred day simple moving average of $92.78. The company has a quick ratio of 2.20, a current ratio of 2.87 and a debt-to-equity ratio of 0.20.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its earnings results on Friday, February 20th. The mining company reported $1.90 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.90. AngloGold Ashanti had a return on equity of 29.11% and a net margin of 26.65%.The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $2.99 billion.

AngloGold Ashanti Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, March 13th. AngloGold Ashanti's dividend payout ratio (DPR) is 133.33%.

Hedge Funds Weigh In On AngloGold Ashanti

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in shares of AngloGold Ashanti by 3.6% in the 4th quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company's stock valued at $237,000 after buying an additional 96 shares during the period. PDS Planning Inc boosted its stake in shares of AngloGold Ashanti by 3.0% in the 4th quarter. PDS Planning Inc now owns 4,246 shares of the mining company's stock valued at $362,000 after buying an additional 124 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of AngloGold Ashanti by 4.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company's stock valued at $305,000 after buying an additional 142 shares during the period. California State Teachers Retirement System boosted its stake in shares of AngloGold Ashanti by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company's stock valued at $2,245,000 after buying an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of AngloGold Ashanti by 33.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company's stock valued at $42,000 after buying an additional 150 shares during the period. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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