Scotiabank Has Bearish Estimate for AU FY2026 Earnings

Key Points

• Scotiabank lowered AngloGold Ashanti’s FY2026 EPS estimate to $8.28 from $8.43, while maintaining a “Sector Outperform” rating and a $128 price target. Its FY2027 EPS estimate is $8.58.
• AngloGold Ashanti’s latest quarterly results fell short of expectations, with EPS of $1.98 versus a $2.03 consensus estimate and revenue of $3.10 billion versus $3.20 billion expected.
• The stock opened at $115.50 after recently trading up 6.4%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $110.50, and the company declared a quarterly dividend of $0.72 per share.

AngloGold Ashanti PLC (NYSE:AU - Free Report) - Investment analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of AngloGold Ashanti in a research note issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings per share of $8.28 for the year, down from their previous estimate of $8.43. Scotiabank has a "Sector Outperform" rating and a $128.00 price objective on the stock. The consensus estimate for AngloGold Ashanti's current full-year earnings is $8.19 per share. Scotiabank also issued estimates for AngloGold Ashanti's FY2027 earnings at $8.58 EPS.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 39.54%. The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.20 billion.

Several other equities analysts have also issued reports on AU. Citigroup lowered their price target on AngloGold Ashanti from $130.00 to $125.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $155.00 to $134.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Roth Capital decreased their price objective on shares of AngloGold Ashanti from $121.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Freedom Capital upgraded AngloGold Ashanti to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Wall Street Zen lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $110.50.

AngloGold Ashanti Trading Up 6.4%

NYSE AU opened at $115.50 on Friday. The firm has a market capitalization of $58.31 billion, a PE ratio of 15.48 and a beta of 0.66. The stock's 50 day moving average is $86.02 and its 200 day moving average is $95.43. AngloGold Ashanti has a twelve month low of $52.26 and a twelve month high of $129.14. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.19.

AngloGold Ashanti Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 21st. AngloGold Ashanti's dividend payout ratio (DPR) is 6.70%.

Institutional Trading of AngloGold Ashanti

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of AngloGold Ashanti by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 23,001,047 shares of the mining company's stock valued at $1,979,174,000 after purchasing an additional 252,307 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in AngloGold Ashanti by 1.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,386,503 shares of the mining company's stock worth $620,874,000 after acquiring an additional 98,250 shares during the period. State Street Corp raised its position in AngloGold Ashanti by 0.5% in the fourth quarter. State Street Corp now owns 5,731,937 shares of the mining company's stock worth $488,820,000 after acquiring an additional 26,421 shares during the period. Deutsche Bank AG boosted its stake in shares of AngloGold Ashanti by 3.9% during the 4th quarter. Deutsche Bank AG now owns 5,121,189 shares of the mining company's stock worth $436,735,000 after acquiring an additional 191,859 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of AngloGold Ashanti during the 4th quarter valued at $426,477,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

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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