AngloGold Ashanti Price Target Raised to $55 by Scotiabank

AngloGold Ashanti's price target has been raised to $55 from $53 by Scotiabank analyst Tanya Jakusconek, who maintains a Sector Perform rating. The increase is due to progress in Nevada, delivery on Obuasi, completion of the Augusta Gold transaction, and advancement of the full asset potential program to lower costs.

AngloGold Ashanti's (AU) stock price target has been elevated to $55, an increase from the previous $53, by Scotiabank analyst Tanya Jakusconek. Jakusconek, who maintains a Sector Perform rating, attributes the upward revision to several key developments in the company's operations and strategic initiatives [1].

The analyst's optimism is underpinned by significant progress in Nevada, the successful delivery on the Obuasi project, the completion of the Augusta Gold transaction, and the advancement of the Full Asset Potential Program. These achievements have collectively contributed to AngloGold Ashanti's robust financial performance and cost efficiencies, positioning it favorably in the gold mining sector [2].

In Q2 2025, AngloGold Ashanti delivered an impressive 111% increase in adjusted EBITDA to $1.4 billion, driven by higher production volumes, cost discipline, and elevated gold prices. The adjusted EBITDA margin expanded to 59% in the quarter from 50% in the year-ago quarter, reflecting the company's ability to manage costs effectively despite inflationary pressures [3].

AngloGold Ashanti's gold production was up 22% year-over-year to 1.52 million ounces in the first half of 2025, with contributions from the Sukari Gold Mine in Egypt and improved performances at key assets. The company's Full Asset Potential Program has been instrumental in driving these cost efficiencies and insulating operations against inflation. This program has already shown positive results, with adjusted EBITDA rising 93% in 2024 after a 21% decline in 2023 [3].

The analyst's price target increase underscores AngloGold Ashanti's strong operational resilience and strategic foresight. The company's geographic diversification across six continents and its robust balance sheet position it to navigate market volatility and capitalize on gold's long-term fundamentals.

References:
[1] https://www.ainvest.com/news/anglogold-ashanti-maintains-quarterly-dividend-analysts-project-moderate-upside-gf-potential-downside-2508/
[2] https://www.ainvest.com/news/anglogold-ashanti-q2-2025-performance-strategic-buy-opportunity-gold-market-volatility-2508/
[3] https://www.theglobeandmail.com/investing/markets/stocks/NEM/pressreleases/33930015/can-anglogold-ashanti-maintain-its-ebitda-margin-expansion-streak/