AngloGold Ashanti (AU) to Release Quarterly Earnings on Thursday

AngloGold Ashanti (NYSE:AU) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Tuesday, August 6th. The mining company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts expect AngloGold Ashanti to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AngloGold Ashanti Trading Down 0.1 %

Shares of AU opened at $27.12 on Wednesday. AngloGold Ashanti has a 52-week low of $15.60 and a 52-week high of $32.57. The business’s fifty day moving average is $28.23 and its 200-day moving average is $26.84. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AU shares. Scotiabank restated a “sector underperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets boosted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.67.

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.