AngloGold Ashanti (NYSE:AU) Posts Earnings Results, Misses Expectations By $0.10 EPS

AngloGold Ashanti (NYSE:AU) released its earnings results on Wednesday. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.10), Zacks reports.

AngloGold Ashanti Trading Down 0.1 %

Shares of AngloGold Ashanti stock opened at $32.15 on Wednesday. The business has a 50 day moving average of $27.09 and a 200 day moving average of $27.56. AngloGold Ashanti has a 52 week low of $17.01 and a 52 week high of $33.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

Wall Street Analysts Forecast Growth

AU has been the topic of a number of recent research reports. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. decreased their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a research note on Thursday, November 21st. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.75.

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.