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

AngloGold Ashanti (NYSE:AU) is anticipated to announce its earnings results 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 0.8 %

AngloGold Ashanti stock opened at $33.13 on Thursday. The stock’s 50 day moving average is $26.51 and its 200 day moving average is $27.42. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a one year low of $16.49 and a one year high of $33.77.

Analyst Ratings Changes

A number of brokerages have weighed in on AU. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Tuesday, December 3rd. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price for the company in a research note on Thursday, November 21st. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.