Anglogold Ashanti

AU · NYSE

$90.83−$0.69 (−0.75%)TodayMarket closed · Oct 20, 7:33 PM ET

Prev close $91.52

AU analyst rating

BuyConsensus of 8 analysts over the last 12 months. 88% rate it a buy.

Strong buy0
Buy7
Hold1
Underperform0
Sell0

12-month price target · 11 analysts

Average $114.82 (+26.4% upside)

Low: $76.76
Now: $90.83
High: $134.40

Upgrades and downgrades

The latest rating actions, newest first

AU analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Oct 15, 2026	Initiates	Buy	$104.00	100%
RBC Capital	Sep 16, 2026	Maintains	Outperform	$111.00 → $119.00	49%
JP Morgan	Sep 15, 2026	Maintains	Overweight	$134.00 → $140.00	58%
BMO Capital	Sep 10, 2026	Downgrade	Outperform → Market Perform	$115.00	45%
JP Morgan	Jul 16, 2026	Maintains	Overweight	$155.00 → $134.00	58%
Citigroup	Jul 15, 2026	Maintains	Buy	$130.00 → $125.00	50%
Scotiabank	Jul 14, 2026	Maintains	Sector Outperform	$134.00 → $128.00	69%
RBC Capital	Jul 9, 2026	Maintains	Outperform	$114.00 → $111.00	49%
Freedom Broker	Jun 26, 2026	Initiates	Buy	$114.00	62%
Roth Capital	Jun 24, 2026	Maintains	Buy	$121.00 → $110.00	44%

The case for and against

Updated Dec 22, 2025

Bull case

Anglogold Ashanti PLC has seen a revised increase in its long-term gold price forecast from $2,300 to $2,750, which enhances the company's revenue potential. Additionally, the firm's 2026 revenue estimates were raised significantly from $2,300 to $2,863, indicating robust future earnings growth. The company's strong leverage to gold prices, coupled with a new dividend policy aimed at generating substantial shareholder returns, supports a positive outlook for the stock.

Bear case

Anglogold Ashanti faces substantial risks that may negatively affect its stock performance, including potential underperformance of operations in relation to estimates and the broader gold market. Key concerns such as unanticipated inflationary pressures on operational costs, unfavorable regulatory developments, and the inability to advance critical growth projects contribute to a challenging operational environment. Moreover, the company's dependency on accurate resource estimates, which can often be unpredictable, adds an additional layer of uncertainty regarding its financial health and future outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.