AngloGold Ashanti Expected to Report $1.9 EPS, Up 113.48%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: NASDAQ.COM
- Stock Performance: AngloGold Ashanti closed at $91.25, reflecting a +1.49% increase from the previous day, outperforming the broader market as both the S&P 500 and Dow experienced slight declines, indicating its resilience in the gold mining sector.
- Earnings Expectations: Analysts anticipate the upcoming earnings report will reveal earnings of $1.9 per share, representing a year-over-year growth of 113.48%, which underscores the company's improving profitability and may attract increased investor interest.
- Quarterly Revenue Growth: The expected quarterly revenue of $3.03 billion, up 73.03% year-over-year, highlights the company's strengthened competitive position and sales capabilities in the market.
- Full-Year Outlook: The Zacks Consensus Estimates project full-year earnings of $5.51 per share and revenue of $9.85 billion, reflecting increases of 149.32% and 70.08%, respectively, indicating strong growth potential for the company moving forward.
AU
$91.25+Infinity%1D
Analyst Views on AU
Wall Street analysts forecast AU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AU is 89.17 USD with a low forecast of 55.00 USD and a high forecast of 131.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
0 Hold
1 Sell
Moderate Buy
Current: 89.910
Low
55.00
Averages
89.17
High
131.00
Current: 89.910
Low
55.00
Averages
89.17
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in 10 countries, across four continents. The Company’s diverse portfolio includes approximately 11 operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. The Company’s portfolio includes Africa, the Americas, and Australia. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). The Americas hosts three of its operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a significant new greenfield development in Nevada in the United States. Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
