AngloGold Ashanti (AU) to Release Quarterly Earnings on Tuesday

AngloGold Ashanti (NYSE:AU) is scheduled to post its quarterly earnings results before the market opens on Tuesday, August 6th. Analysts expect AngloGold Ashanti to post earnings of $0.51 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

AngloGold Ashanti Stock Performance

AngloGold Ashanti stock opened at $27.39 on Tuesday. The firm’s fifty day simple moving average is $25.53 and its 200-day simple moving average is $22.49. AngloGold Ashanti has a 1-year low of $14.91 and a 1-year high of $30.09.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AU. JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 3rd. HSBC downgraded shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, Scotiabank lifted their target price on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, AngloGold Ashanti currently has an average rating of “Hold” and an average target price of $24.50.

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.