Anglogold Ashanti PLC has a Buy rating from Wolfson, with a price target of $53.00. The company has a Moderate Buy analyst consensus rating with a $48.70 average price target, implying a 2.61% upside from current levels. Anglogold Ashanti PLC has a one-year high of $51.11 and a one-year low of $22.45. Corporate insider sentiment is negative, with an increase in insiders selling their shares.
AngloGold Ashanti plc (NYSE:AU), a global gold mining company, has been making strategic moves in its portfolio. In July 2025, the company divested its entire 14.95% stake in Canada’s G2 Goldfields, a move that aligns with its strategy to regularly review its investment portfolio [1]. This disposal was executed at the Toronto Stock Exchange on July 8, involving the sale of 35.9 million common shares. Additionally, in June 2025, AngloGold Ashanti agreed to sell its stake in the Mineração Serra Grande mine in Goiás, Brazil, to Aura Minerals.
The company has also expanded its shareholding in G2 Goldfields through a private placement, acquiring an additional 8.9 million shares for C$42 million. This investment is part of the company’s broader strategy to explore new mineral properties, particularly in Guyana. In a separate move, AngloGold Ashanti entered into a definitive agreement to acquire all outstanding shares of Augusta Gold for C$1.70 in cash, valuing Augusta at about C$152 million (US$111 million) [2]. This acquisition includes the fully permitted Reward project, the Bullfrog deposit, and surrounding tenements in Nevada’s Beatty District, directly adjoining AngloGold’s current claims. The transaction is expected to close in the fourth quarter of 2025, subject to majority shareholder approval and customary conditions.
Analysts have given AngloGold Ashanti a Moderate Buy rating with an average price target of $48.70, implying a 2.61% upside from current levels. The company has a one-year high of $51.11 and a one-year low of $22.45. Corporate insider sentiment is negative, with an increase in insiders selling their shares.
References:
[1] https://finance.yahoo.com/news/anglogold-ashanti-plc-au-divests-210718295.html
[2] https://www.stocktitan.net/sec-filings/AU/6-k-anglo-gold-ashanti-plc-current-report-foreign-issuer-bc21259168be.html
Comments
No comments yet