Roth Capital Reiterates Buy Rating for AngloGold Ashanti
Roth Capital maintains its 'buy' stance on AngloGold Ashanti, setting a target price of $110, a 38.64% upside from the current price.
Key Points
- Roth Capital reaffirmed its 'buy' rating for AngloGold Ashanti, with a price target of $110.
- Roth Capital's $110 price target implies 38.64% upside from AngloGold Ashanti plc's ($AU) current $79.34 share price.
- On Wednesday, shares of NYSE:AU traded near $83.79, with a market cap of approximately $43.6 billion.
- Insiders at AngloGold Ashanti have been active, with both buying and selling reported in recent months.
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Roth Capital, through analyst Joe Reagor, has reiterated its 'buy' rating on AngloGold Ashanti plc (NYSE:AU) as of June 24, 2026. The firm set a price target of $110 for the gold mining company. Shares of AngloGold Ashanti traded near $83.79 on Wednesday.
Roth Capital vs. the S&P 500
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Other Institutional Activity in AngloGold Ashanti
BlackRock, Inc. grew its holdings by 3,747,514 shares, ending with 30,317,996 shares worth about $2.95 billion. Van Eck Associates Corp reduced its position slightly by 51,881 shares, now holding 18,742,238 shares valued at approximately $1.82 billion. FMR LLC increased its stake by 2,323,890 shares, bringing its total to 18,507,057 shares valued around $1.81 billion. Vanguard Capital Management LLC opened a new position with 16,522,479 shares valued at about $1.65 billion. Meanwhile, Ninety One SA (Pty) Ltd decreased its holdings by 658,870 shares, leaving it with 15,302,064 shares worth $1.47 billion.
AngloGold Ashanti plc Stock Down 29.9%
Shares of AngloGold Ashanti traded near $83.79 on Wednesday. The company has a market capitalization of about $43.6 billion and a P/E ratio of 12.7. It boasts a forward P/E of 8.2 and a beta of 0.638, indicating lower volatility compared to the market. The stock's 52-week range spans from $43.44 to $129.14. It has a 50-day moving average of $96.01 and a 200-day moving average of $89.35. AngloGold Ashanti maintains a solid balance sheet with a current ratio of 2.71 and a quick ratio of 2.05, alongside a debt-to-equity ratio of 22.03.
$AU price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its most recent earnings report, AngloGold Ashanti reported revenue of $11.17 billion, reflecting significant growth of 64.9%. The company's net margin stands at 31.1%, and it achieved a return on equity of 42.97%. Earnings per share came in at $6.81. The next earnings release is scheduled for July 31, 2026.
Dividend
AngloGold Ashanti offers a dividend rate of $4.60, providing a yield of 5.06%. The company's dividend payout ratio is 52.35%, indicating a balanced approach to returning cash to shareholders.
Insider Buying and Selling at AngloGold Ashanti plc
Several insiders have been active at AngloGold Ashanti. On May 19, 2026, Kojo Osei Frimpong sold 400 shares at an average price of $89.09. Earlier, on May 11, 2026, multiple insiders, including Alan Murray Ferguson and Bruce Alan Cleaver, each bought 1,580 shares. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 24, 2026, Roth Capital maintained its 'buy' rating on AngloGold Ashanti with a $110 price target. Citigroup also maintained a 'buy' rating on June 9, 2026, setting a target of $130. The consensus among analysts is a 'buy' recommendation, with a mean target price of $121.29 based on 7 analyst opinions.
About AngloGold Ashanti
AngloGold Ashanti plc is a major gold mining company operating in Africa, Australia, and the Americas. It explores for gold and other by-products like silver and sulphuric acid. The company owns the Geita mine in Tanzania, a significant source of its gold production. Headquartered in Greenwood Village, Colorado, AngloGold Ashanti employs around 38,000 people and is led by CEO Ms. Gillian Doran.
Bottom Line
Roth Capital's reaffirmation of a 'buy' rating for AngloGold Ashanti with a $110 target reflects ongoing confidence in the company's prospects. Investors keep a close eye on these ratings and institutional moves, as they provide insights into potential future performance. Remember, 13F filings and analyst ratings are backward-looking and may not reflect current positions or future predictions.
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