Friday, August 8, 2025
StockstToday.com Logo
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings
No Result
View All Result
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings
No Result
View All Result
StocksToday.com Logo
No Result
View All Result
Home Breaking News

AngloGold Ashanti Reports Strong Financial Results and New Gold Discovery in FY23

Elaine Mendonca by Elaine Mendonca
February 23, 2024
in Breaking News
0
Mining Stock Market Today
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

AngloGold Ashanti‘s stock is on the rise after the release of their FY23 financial results on February 23, 2024. Despite a 3% decrease in gold production to 2.593 million ounces, the company still managed to generate revenues of $4.48 billion and a gross profit of $1.03 billion for the year. The drop in production was due to lower ore processing and grades at key mines in Tanzania and Ghana.

Moreover, AngloGold Ashanti reported an adjusted net debt of $1.268 billion, up from $878 million in FY22. Operating cash flow stood at $971 million, with free cash flow reaching $109 million. The company also announced a significant new gold discovery in the U.S., unveiling a gold Inferred Mineral Resource of 9.1 million ounces at the Merlin deposit in Nevada.

AU Stock Price Surges by 8.11% on February 23, 2024: Potential Turnaround Ahead for Investors

On February 23, 2024, AU stock experienced a significant increase in its price, rising by $1.38 or 8.11% since the market last closed. The stock opened at $18.22, which was $1.20 higher than its previous close. This positive price momentum is a welcome change for AU investors, as the stock has been trading near the bottom of its 52-week range and below its 200-day simple moving average.

The recent price increase on February 23 suggests that there may be some renewed interest in the stock, potentially signaling a turnaround in its performance.

Investors should always conduct thorough research and analysis before making investment decisions, especially when it comes to stocks that are trading near their 52-week lows. While the recent price increase for AU is certainly a positive development, it is important to consider the broader market context and potential risks before deciding to buy or sell the stock.

AU Stock Financial Performance: Mixed Results with Quarter-over-Quarter Improvement

On February 23, 2024, AU stock experienced significant changes in its financial performance compared to the previous year and quarter. According to data from CNN Money, AU reported a total revenue of $4.01 billion for the past year, which represents a 23.05% decrease from the previous year. However, the company’s total revenue increased by 8.25% since the last quarter, reaching $1.02 billion.

In terms of net income, AU reported a loss of $85.00 million for the past year, marking a 46.55% decrease from the previous year. However, the company’s net income saw a significant improvement in the last quarter, with a profit of $130.00 million, representing a 271.05% increase from the previous quarter.

Earnings per share (EPS) also showed a similar trend, with a decrease of 45.92% since the previous year, reporting a negative EPS of -$0.21. However, the company’s EPS improved significantly in the last quarter, reaching $0.32, which represents a 281.55% increase from the previous quarter.

Overall, AU stock’s performance on February 23, 2024, reflected a mixed picture of financial results. While the company experienced a decline in total revenue, net income, and EPS compared to the previous year, there was a notable improvement in these metrics since the last quarter. Investors and analysts will be closely monitoring AU’s future financial performance to assess the company’s growth prospects and potential for long-term profitability.

Tags: AU
Elaine Mendonca

Elaine Mendonca

Related Posts

NFT projects
Breaking News

The Impact of TikToks Fate on USChina Relations and American Tech Giants

March 16, 2024
Businesses finance
Breaking News

Blackstone Strategic Credit 2027 Term Fund BGB Announces Monthly Dividend of 93 Cents per Share

March 15, 2024
Healthcare-sector
Breaking News

Analyzing Short Interest in Molina Healthcare Inc MOH

March 15, 2024
Next Post
Electric Utilities Stock Exchange

TransAlta Reports Strong Q4 Earnings and Launches Share Buyback Program

Retail Stock Bull Market

Investors Show Confidence in Abercrombie Fitch NYSE ANF Through Options Trading

Healthcare Services Stock Exchange

Strong FourthQuarter Performance Leads to Analyst Price Target Adjustments for Evolent Health Inc

Recommended

ALB stock news

Allspring Global Investments Increases Stake in Automotive Parts Company, Douglas Dynamics Inc.

2 years ago
Technology Robotics Markets and money

Exela Technologies Inc and XBP Europe Launch Reaktrai Revolutionizing Cybersecurity and Data Management with AI

2 years ago

Positive Outlook and Increased Price Target for Corteva

2 years ago
Alternative Energy Markets and money (1)

Ecopetrols Commitment to Thorough Evaluation and Reliable Results for Arauca 8 Well

2 years ago

Categories

  • Analyst Ratings
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Stock Picks
  • Stock Targets
  • Stocks
  • Uncategorized

Topics

AAL AAPL ABNB ADBE ADSK ALB AMD AMZN AVGO BA C CCL CELH COIN COST CRWD CTVA DELL DFS DIS DLR DLTR DWAC GM GRFS IBM INTC JPM KSS LLY META MSFT NFLX NVDA NVO ORCL PARA PLTR PLUG QCOM SMCI TGT TSLA UNH VZ
No Result
View All Result

Highlights

Lucid Group Stock: Turbulence Amid Policy Shifts and Uber Deal

Walt Disney Stock: Marvel Woes Offset by NFL Deal

Fresenius Stock: Mixed Q2 Results Amid Margin Pressures

Beiersdorf Stock: Nivea’s Glow Fades as Forecasts Dim

ABN Amro Stock: Profit Dip Amid Strong Capital Moves

Vonovia Stock: Strong Recovery Fuels Optimism

Trending

Snap Stock
Stocks

Snap Stock: Turmoil Amid Advertising Woes

by Dieter Jaworski
August 6, 2025
0

Snap Inc.'s stock has become a battleground for Wall Street analysts following disappointing Q2 results, with price...

DHL Stock

DHL Stock: Rollercoaster Ride Amid Strong Earnings

August 6, 2025
Klöckner Stock

Klöckner Stock: Turnaround Amid Market Volatility

August 6, 2025
Lucid Group Stock

Lucid Group Stock: Turbulence Amid Policy Shifts and Uber Deal

August 6, 2025
Walt Disney Stock

Walt Disney Stock: Marvel Woes Offset by NFL Deal

August 6, 2025

StocksToday.com is your one-stop destination for the latest stock news and analysis. We provide in-depth coverage of the stock market, including market news, company news, sector news, IPO news, investment strategies, personal finance, international markets, and more.

Recent News

  • Bechtle Stock: Mixed Q2 Results Amid Margin Pressures August 8, 2025
  • Desert Gold Ventures Stock: Mali Gold Project Sparks Investor Optimism August 8, 2025
  • Sony Stock: Defies Tariff Fears with Stellar Earnings August 8, 2025

Categories

  • Analyst Ratings
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Stock Picks
  • Stock Targets
  • Stocks
  • Uncategorized

© 2024 Stocks Today

No Result
View All Result
  • Home
  • Breaking News
  • Business & Industry Trends
  • Market News
  • Analyst Ratings

© 2023 StocksToday.com