AngloGold Ashanti (AU) Projected to Post Quarterly Earnings on Wednesday

AngloGold Ashanti (NYSE:AU) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.99 per share and revenue of $1.75 billion for the quarter.

AngloGold Ashanti Stock Down 3.3 %

NYSE:AU opened at $32.15 on Tuesday. The company’s 50-day moving average is $26.95 and its two-hundred day moving average is $27.53. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a 1-year low of $16.82 and a 1-year high of $33.77.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Scotiabank upgraded shares of 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 report on Thursday, November 21st. JPMorgan Chase & Co. dropped 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. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AngloGold Ashanti has a consensus rating of “Hold” and an average target price 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.