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

AngloGold Ashanti (NYSE:AU) announced its quarterly earnings data on Wednesday. The mining company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10), Zacks reports.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $32.15 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The firm’s 50-day moving average is $27.09 and its 200-day moving average is $27.56. AngloGold Ashanti has a 52-week low of $17.01 and a 52-week high of $33.77.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Tuesday, December 3rd. Scotiabank upgraded shares of 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, StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and an average target price of $31.75.

AngloGold Ashanti Company Profile

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.