AngloGold Ashanti (NYSE:AU) Issues Earnings Results, Misses Estimates By $0.22 EPS

AngloGold Ashanti (NYSE:AU) posted its earnings results on Friday. The mining company reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.22), FiscalAI reports. AngloGold Ashanti had a net margin of 26.25% and a return on equity of 24.01%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.99 billion.

Here are the key takeaways from AngloGold Ashanti’s conference call:

• Record free cash flow of $2.9 billion in 2025 (Q4 > $1bn) drove adjusted EBITDA +129% and headline earnings +186%, and the board returned a record shareholder payout (Q4 $875m; ~ $1.8–2.0bn total for 2025).
• Balance sheet strengthened to net cash of $879 million with $4.4bn liquidity at year‑end, enabling large dividends while retaining capacity to fund growth and no material near‑term maturities.
• Arthur Gold Project is material — a 4.9Moz initial Merlin reserve (PFS: ~4.5Moz production over 9 years, ~500k oz/yr average), ~ $3.6bn initial capex and >20% returns at PFS, with feasibility starting Q2 2026 and permitting work underway, presenting a potential Tier‑1 long‑life asset.
• 2026 guidance targets 2.8–3.17Moz but raises managed cash costs to $1,335–$1,455/oz (driven by higher royalties, inflation and FX) and requires elevated growth capex (Nevada, Sukari, tailings), which could weigh on near‑term margins despite strong cash generation.

AngloGold Ashanti Stock Up 6.4%

Shares of AngloGold Ashanti stock traded up $6.89 during trading on Friday, reaching $114.52. 2,450,390 shares of the company traded hands, compared to its average volume of 2,888,583. The firm has a market capitalization of $57.82 billion, a PE ratio of 25.15 and a beta of 0.59. AngloGold Ashanti has a 1-year low of $28.44 and a 1-year high of $115.81. The company has a 50 day moving average price of $97.16 and a 200-day moving average price of $78.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98.

Hedge Funds Weigh In On AngloGold Ashanti

A number of hedge funds and other institutional investors have recently made changes to their positions in AU. Keel Point LLC bought a new position in AngloGold Ashanti during the fourth quarter valued at approximately $203,000. Virtus Investment Advisers LLC bought a new stake in shares of AngloGold Ashanti during the 4th quarter valued at $154,000. EverSource Wealth Advisors LLC raised its holdings in AngloGold Ashanti by 106.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the mining company’s stock worth $153,000 after purchasing an additional 1,734 shares during the period. Summit Securities Group LLC raised its stake in shares of AngloGold Ashanti by 142.9% in the fourth quarter. Summit Securities Group LLC now owns 1,700 shares of the mining company’s stock worth $145,000 after buying an additional 1,000 shares during the period. Finally, Ossiam increased its stake in shares of AngloGold Ashanti by 1,299.1% in the second quarter. Ossiam now owns 3,036 shares of the mining company’s stock worth $138,000 after purchasing an additional 2,819 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Citigroup raised their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Roth Mkm restated a “buy” rating on shares of AngloGold Ashanti in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.