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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  AngloGold Ashanti Limited    ANGJ   ZAE000043485

ANGLOGOLD ASHANTI LIMITED

(ANGJ)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/20
304.99 ZAR   +2.06%
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AngloGold Ashanti 3Q Gross Profit Jumps But Production Falls

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10/28/2019 | 01:12am EST

By Ian Walker

AngloGold Ashanti Ltd. (ANG.JO) Monday reported a 52% on year rise in gross profit for the third quarter and reiterated its production guidance for the year.

The South Africa-based gold miner posted gross profit of $281 million for the quarter ended Sept. 30.

AngloGold Ashanti produced 825,000 ounces of gold in the quarter compared with 851,000 ounces for the quarter ended Sept. 30, 2018. It attributed the fall to the planned reduction in output from Cerro Vanguardia and Kibali.

The company said production for the year will be in the lower half of a 3.3 million to 3.5 million ounce range.

Costs are expected to be at upper end of range, it said. All-in sustaining costs are forecast to be $935-$995 an ounce, while total cash costs are expected to be $730-$780.

AngloGold said the sale processes for its businesses in South Africa are active and continue to make progress and that due diligence has started with prospective bidders for its Sadiola and Cerro Vanguardia businesses.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED 2.06% 304.99 End-of-day quote.-2.87%
DOW JONES AFRICA TITANS 50 INDEX 0.32% 541.39 Delayed Quote.0.43%
DOW JONES SOUTH AFRICA(ZAR) 0.14% 1839.67 Delayed Quote.1.83%
GOLD 0.25% 1560.77 Delayed Quote.2.64%
S&P AFRICA 40 INDEX 0.21% 168.77 Delayed Quote.-2.57%
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Financials (ZAR)
Sales 2019 59 381 M
EBIT 2019 11 697 M
Net income 2019 6 313 M
Debt 2019 26 334 M
Yield 2019 0,68%
P/E ratio 2019 17,5x
P/E ratio 2020 8,74x
EV / Sales2019 2,57x
EV / Sales2020 2,15x
Capitalization 127 B
Chart ANGLOGOLD ASHANTI LIMITED
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AngloGold Ashanti Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends ANGLOGOLD ASHANTI LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 340,13  ZAR
Last Close Price 304,99  ZAR
Spread / Highest target 41,0%
Spread / Average Target 11,5%
Spread / Lowest Target -21,3%
EPS Revisions
Managers
NameTitle
Kelvin P. M. Dushnisky Chief Executive Officer & Executive Director
Sipho Mila Pityana Independent Non-Executive Chairman
Sicelo Ntuli Chief Operating Officer-South Africa
Kandimathie Christine Ramon Chief Financial Officer & Executive Director
Graham J. Ehm Executive Vice President-Planning & Technical
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