AngloGold Ashanti (AU) to Release Quarterly Earnings on Thursday

AngloGold Ashanti (NYSE:AU) will be announcing its earnings results 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 released its earnings results on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $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 Stock Performance

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

Analysts Set New Price Targets

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