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Anglogold Ashanti PLC (AU)
NYSE:AU
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.03Last Year’s EPS
-$0.25Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -9.94%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful strategic acquisitions, and effective cost management. However, challenges at specific sites and increased group costs due to macroeconomic factors were noted as concerns.Company Guidance
During AngloGold Ashanti's Q3 2024 earnings call, the company maintained its guidance across all metrics, highlighting a strong financial performance amid industry challenges. Notably, the company reported a 339% year-on-year increase in adjusted EBITDA to $746 million, and a significant rise in free cash flow to $347 million, equating to $528 per ounce, the highest in its history. Despite a 6% realized inflation rate, cost management strategies kept managed operations costs up by only 2% year-on-year. The acquisition of Centamin's Siguiri North Africa gold mine is expected to enhance production and cost profiles, contributing annual production of around 0.5 million ounces at an all-in sustaining cost below $1,200 per ounce. The company's balance sheet remains robust with $2.6 billion in liquidity and adjusted net debt reduced by nearly a third to $906 million, maintaining leverage at 0.37 times adjusted EBITDA.Strong Free Cash Flow Generation
The company generated $347 million in free cash flow in Q3 2024 compared to $20 million in Q3 2023, marking a significant increase and the highest in the company's history at $528 an ounce.
Record Gold Prices
Gold prices reached a new high of $2,685 an ounce in September 2024, contributing to a strong quarterly gain of 13% and a year-to-date gain of 28%.
Successful Centamin Acquisition
The acquisition of Centamin's assets, including the Siguiri mine, was overwhelmingly approved by shareholders, expected to be accretive immediately and add significant production potential.
Cost Management Success
Costs from managed operations were up only 2% year-on-year, well below the 6% inflation rate, demonstrating strong cost control.
Improved Balance Sheet
Adjusted net debt decreased by almost a third to $906 million, with a leverage ratio of 0.37 times, indicating a strong financial position.
Production and Cost Improvements
Australia and Brazil showed strong quarterly performance, with Australia recovering from earlier flooding and Brazil's Cuiabá improving cost efficiency and production.
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AU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $26.25 | $27.57 | +5.03% |
| Aug 06, 2024 | $26.44 | $27.68 | +4.69% |
| Feb 23, 2024 | $16.76 | $18.05 | +7.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Anglogold Ashanti PLC (AU) report earnings?
Anglogold Ashanti PLC (AU) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Anglogold Ashanti PLC (AU) earnings time?
Anglogold Ashanti PLC (AU) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AU EPS forecast?
AU EPS forecast for the fiscal quarter 2024 (Q4) is $1.03.
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