AngloGold Ashanti (NYSE:AU) Releases Earnings Results, Misses Expectations By $0.05 EPS

AngloGold Ashanti (NYSE:AU) posted its quarterly earnings results on Friday. The mining company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05), FiscalAI reports. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.20 billion. AngloGold Ashanti had a net margin of 31.11% and a return on equity of 36.41%.

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

• Strong financial performance: Q2 EBITDA rose 46% to $2.0 billion, headline earnings increased 58% to $1.0 billion, and free cash flow grew 36% year over year to $727 million despite lower sales volumes.
• The company declared $949 million in dividends for the first half and is pursuing a potential $2 billion share buyback, pending South African Reserve Bank approval, while ending the quarter with nearly $1 billion in net cash.
• Total cash costs increased 21% to $1,480 per ounce, driven by inflation, a 45% rise in Brent crude prices, stronger local currencies, and higher gold-linked royalties; Obuasi’s temporary suspension added further costs after a fatality.
• Management reaffirmed full-year guidance and expects second-half production to rise about 6%, with Obuasi returning to a normalized run rate and cash costs declining as volumes increase.
• AngloGold identified 300,000–450,000 ounces of potential production growth from existing assets, particularly Obuasi, Geita, Sukari, Siguiri, and Cuiabá, alongside the longer-term Nevada growth pipeline; management characterized these projects as low-capital and high-return.

AngloGold Ashanti Stock Performance

Shares of NYSE AU opened at $79.17 on Friday. The company has a market cap of $39.97 billion, a PE ratio of 10.61 and a beta of 0.65. AngloGold Ashanti has a 12 month low of $45.36 and a 12 month high of $129.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.71 and a quick ratio of 2.11. The company has a 50-day simple moving average of $84.30 and a 200-day simple moving average of $96.15.

AngloGold Ashanti Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 21st. AngloGold Ashanti’s dividend payout ratio (DPR) is currently 68.04%.

Institutional Trading of AngloGold Ashanti

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mcguire Capital Advisors Inc. purchased a new position in shares of AngloGold Ashanti during the 4th quarter worth $36,000. Compound Planning Inc. lifted its position in AngloGold Ashanti by 4.5% during the fourth quarter. Compound Planning Inc. now owns 17,386 shares of the mining company’s stock worth $1,483,000 after buying an additional 741 shares during the period. Invesco Ltd. boosted its stake in AngloGold Ashanti by 4.5% in the 4th quarter. Invesco Ltd. now owns 2,791,584 shares of the mining company’s stock worth $238,066,000 after buying an additional 119,355 shares during the last quarter. Corient Private Wealth LLC grew its holdings in AngloGold Ashanti by 28.0% in the 4th quarter. Corient Private Wealth LLC now owns 22,070 shares of the mining company’s stock valued at $1,857,000 after buying an additional 4,825 shares during the period. Finally, Alberta Investment Management Corp increased its stake in shares of AngloGold Ashanti by 14.4% during the 4th quarter. Alberta Investment Management Corp now owns 25,400 shares of the mining company’s stock valued at $2,197,000 after acquiring an additional 3,200 shares during 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 have recently weighed in on AU shares. JPMorgan Chase & Co. lowered their price target on shares of AngloGold Ashanti from $155.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Freedom Capital raised shares of AngloGold Ashanti to a “strong-buy” rating in a report on Friday, June 26th. Roth Capital lowered their price target on AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Royal Bank Of Canada decreased their target price on AngloGold Ashanti from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, Citigroup cut their price target on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

Trending Headlines about AngloGold Ashanti

Here are the key news stories impacting AngloGold Ashanti this week:

• Positive Sentiment: AngloGold Ashanti reported second-quarter free cash flow of $727 million, up 36% year over year. The company reaffirmed its 2026 annual guidance, indicating continued confidence in its operating outlook and balance-sheet strength. AngloGold Ashanti Q2 2026 Earnings Release and Dividend Declaration
• Positive Sentiment: The board declared a quarterly dividend of $0.72 per share, payable September 4 to shareholders of record August 21. The dividend equates to approximately $2.88 annually and a 3.6% yield, supporting the investment case for income-oriented shareholders.
• Neutral Sentiment: Management’s second-quarter earnings call provided additional context on the results, capital allocation and 2026 outlook, but the available report does not identify a major change to guidance. AngloGold Ashanti Q2 2026 Earnings Call Transcript
• Negative Sentiment: Quarterly adjusted EPS was $1.98, below the $2.03 consensus estimate, while revenue of $3.10 billion missed expectations of $3.20 billion. The earnings and revenue shortfalls likely drove selling despite the improved cash flow and dividend announcement. AngloGold Ashanti Q2 Earnings Snapshot

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.