Dernières nouvelles pour Anglogold Ashanti (NYSE:AU) Stock

Anglogold Ashanti

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from the Africa region which includes its operations of the Kibali, Iduapriem, Obuasi, Siguiri, and Geita mines.

Anglogold Ashanti PLC

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AngloGold Ashanti shares are trading higher after JP Morgan raised its price target on the stock from $32 to $37.

JP Morgan analyst Patrick Jones maintains Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) with a Overweight and raises the price target from $32 to $37.

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JP Morgan Maintains Overweight on Anglogold Ashanti, Raises Price Target to $37

GOLD

RGLD

SAND

SSRM

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

SBSW

Shares of precious metals stocks are trading lower amid a drop in the price of gold.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

AngloGold Ashanti (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/au#NYSE">AU</a>) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for AngloGold Ashanti is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
<h2>Most Powerful Force Impacting Stock Prices</h2>
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For AngloGold Ashanti, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
<h2>Harnessing the Power of Earnings Estimate Revisions</h2>
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
<h2>Earnings Estimate Revisions for AngloGold Ashanti</h2>
This gold miner is expected to earn $2.58 per share for the fiscal year ending December 2024, which represents a year-over-year change of 2445.5%.
Analysts have been steadily raising their estimates for AngloGold Ashanti. Over the past three months, the Zacks Consensus Estimate for the company has increased 9.1%.
<h2>Bottom Line</h2>
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of AngloGold Ashanti to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2340055/what-makes-anglogold-ashanti-au-a-new-strong-buy-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2340055">To read this article on Zacks.com click here.</a>

Earnings

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Trading Ideas

What Makes AngloGold Ashanti a New Strong Buy Stock

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

AngloGold Ashanti shares are trading lower after the company announced it will acquire Centamin for $2.5 billion.

AngloGold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) has announced an intent to acquire Centamin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CELTF#OTC">CELTF</a>) in an all-share deal valued at $2.5 billion. The combined entity will be the <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">fourth-largest gold producer</a> globally.
"This transaction will add a Tier 1 asset to our portfolio and is accretive from day one," <a target="_blank" href="https://www.anglogoldashanti.com/investors/centamin-offer/" rel="noreferrer noopener">said</a> AngloGold CEO Alberto Calderon. The acquisition focuses on Centamin's flagship asset, the Sukari gold mine, located in Egypt.
The Sukari mine is considered a Tier 1 asset, having produced over 5.9 million ounces of gold since its launch in 2009. It has a consistent output and low-cost structure with all-in-sustaining costs at $1,290 per ounce.
The mine is also known for its long life, with reserves estimated to last another 20 years, ensuring both companies' ongoing production and financial stability.
Now read:<a target="_blank" href="https://www.benzinga.com/news/24/09/40775207/canada-nickel-receives-500m-loan-interest-from-government-agency-for-ontario-project" rel="noreferrer noopener"> Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project</a>
Per the deal's terms, Centamin shareholders will receive 0.06983 of a new AngloGold share and $0.125 in cash for each Centamin share, implying a 163 pence ($2.14) per share offer. This represents a 36.7% premium to Centamin's closing price of 120 pence before the announcement.
The transaction is valued at 2.5 billion, and following completion, Centamin shareholders will hold 16.4% of the enlarged AngloGold Ashanti. AngloGold also expects the deal to be free cash flow accretive in its first full year and net asset value accretive immediately, further boosting its financial performance.
The acquisition adds Sukari's 450,000 annual gold ounces to AngloGold's output, pushing its production above 3 million ounces annually. By adding a Tier 1 mine in yet another jurisdiction and enhancing its position on the market, AngloGold is joining the ranks of top diversified gold producers like Newmont, Barrick, and Agnico Eagle.
Centamin shareholders will benefit from an upfront cash return and the opportunity to participate in a larger, more diversified gold producer with increased trading liquidity. The deal's predominantly equity-based structure also ensures balance sheet stability for AngloGold as it continues to fund its growth plans.
Centamin's board has expressed unanimous support for the transaction, with directors committing to recommend the deal to shareholders. Subject to shareholder and regulatory approvals, the acquisition is expected to be finalized in the coming months.
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Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
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Commodities

CELTF

AngloGold Ashanti To Acquire Centamin For $2.5B To Become Fourth Largest Gold Producer

CGAU

GATO

PAAS

Shares of precious metal companies are trading lower amid a drop in the price of gold. Weakness in the commodity may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

ASPI

CNEY

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Shares of metal companies are trading lower amid a drop in price and a report of weak demand in China.

Shares of AngloGold Ashanti PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/au#NYSE">AU</a>) scaled a new 52-week high of $32.34 on Aug 20 before ending the session lower at $32.09. The upside was fueled by a spike in gold prices.
AngloGold Ashanti has a market capitalization of $13.5 billion and currently carries a Zacks Rank #3 (Hold).
Shares of the company have gained 71.7% year to date, outpacing the industry&#39;s 28.9% growth and the S&amp;P 500&#39;s 17.7% rise. Meanwhile, the Basic Materials sector has declined 4.2% in the same time frame.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/67/74890.jpg?v=390003820" />
Image Source: Zacks Investment Research
<h3>What&#39;s Driving the Stock?</h3>
Solid H1 Results: AngloGold Ashanti&#39;s shares have gained 15% since the company reported strong first-half fiscal 2024 results on Aug 6. Adjusted earnings per share were 74 cents, a 429% improvement from 14 cents in the prior year&#39;s comparable period.&nbsp;
The substantial increase in earnings was attributed to increased gold sales, higher average gold prices and lower operating costs. Earnings also benefited from higher equity earnings from joint ventures, an increase in finance income and lower foreign exchange losses, which were partly offset by higher losses on non-hedge derivatives, rising corporate and operating expenses and increased taxation.&nbsp;
The company witnessed a significant turnaround in its Brazil operations, which also contributed to the year-over-year gain in cash flow and earnings. Last year, it&nbsp; had taken steps to restructure the business in Brazil after a sustained period of losses, which led to the improvement.&nbsp;
Gold production rose 2% year over year to 1.25 million ounces, aided by improvement at AngloGold Ashanti Minera&ccedil;&atilde;o, Serra Grande, Iduapriem, Geita and Kibali. Revenues were up 16.7% year over year to $2.55 billion.
Total cash costs per ounce decreased 1% year over year to $1,158 in the first half from $1,169 in the same period last year. This was mainly aided by improved operational performance and enhanced cost efficiency linked to the company&#39;s Full Asset Potential initiatives.
Adjusted earnings before interest, tax, depreciation and amortization increased 65% year over year in the first half to $1.118 billion. Free cash flow was an inflow of $206 million against an outflow of $205 million in the comparable period in the prior fiscal. This increase was mainly due to the turnaround in the Brazil operations, a higher average gold price received per ounce and loan repayments from Kibali, partially offset by higher capital expenditure and increased cash taxes.
Following the upbeat results, the company also declared an interim dividend of 22 cents a share.
Upbeat Outlook: AngloGold Ashanti maintained its gold production guidance for 2024 in the range of 2.65 &ndash; 2.85 million ounces. The midpoint of the guidance indicates growth of approximately 4% from 2023. The increase will be led by the ramp-up at Obuasi and Siguiri, where AngloGold Ashanti expects year-over-year recovery following the 2023 carbon-in-leach tank failure. Total cash costs are projected to be between $1,075 and&nbsp; 1,175 per ounce. &nbsp;
For 2025, gold production is expected to be in the range of 2.71-2.91 million ounces, which indicates 2% year-over-year growth. This will be driven primarily by the expected continued ramp-up at Obuasi and modest gains across multiple mines. The company expects total cash costs per ounce to be in the range of $1,050 - $1,150. Gains from the Full Asset Potential initiative and gold production efficiencies are anticipated to lower unit costs.
Rally in Gold Prices: Gold prices have gained 21.8% so far in 2024, surpassing the performance of most major asset classes. Several factors have contributed to this solid performance in 2024, including increased geopolitical tensions, the potential for monetary policy easing and continuous purchasing by central banks. The yellow metal is currently at around $2,510 per ounce supported by increasing bets on U.S interest rate cuts.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) and Newmont Mining Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>). Each of these stocks sports a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share, which indicates a 27.85% increase from fiscal 2024. The consensus estimate for earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 99.9% year to date.
The Zacks Consensus Estimate for IAMGOLD&#39;s 2024 earnings is pegged at 39 cents per share, which indicates 333% year-over-year growth. The consensus estimate for earnings has moved 44% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 200%. IAG shares have gained 104% year to date.
The Zacks Consensus Estimate for Newmont&#39;s 2024 earnings is pegged at $2.82 per share, which indicates 75% year-over-year growth. The consensus estimate for earnings has moved 15.6% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 19.2%. NEM shares have gained 24% year to date.
<a href="https://www.zacks.com/stock/news/2325259/anglogold-ashanti-au-hits-52-week-high-what-s-aiding-it?cid=CS-BENZ-FT-analyst_blog|52week_high/low-2325259">To read this article on Zacks.com click here.</a>

Mid Cap

Guidance

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AngloGold Ashanti Hits 52-Week High: What's Aiding It?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Benchmark analyst Todd Brooks downgraded the rating for Chuy&#8217;s Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) from Buy to Hold. Chuy&#8217;s shares fell 0.03% to close at $37.10 on Friday. <a href="https://www.benzinga.com/quote/chuy/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Brian Mullan downgraded Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) from Overweight to Neutral and announced a price target of $114. Shake Shack shares fell 1.9% to close at $107.37 on Friday. <a href="https://www.benzinga.com/quote/shak/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank analyst Tanya Jakusconek downgraded the rating for AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) from Sector Perform to Sector Underperformm but raised the price target from $27 to $30. Anglogold Ashanti shares gained 3.5% to close at $31.47 on Friday. <a href="https://www.benzinga.com/quote/au/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley analyst Erik Woodring downgraded the rating for HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) from Overweight to Equal-Weight and announced a price target of $37. HP shares gained 1.2% to settle at $35.91 on Friday.<a href="https://www.benzinga.com/quote/hpq/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Brian Mullan downgraded Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) from Overweight to Neutral and announced a price target of $36. Dutch Bros shares gained 1% to close at $32.64 on Friday. <a href="https://www.benzinga.com/quote/hpq/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
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Downgrades

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This HP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our a<a href="https://www.benzinga.com/analyst-stock-ratings">nalyst ratings page.</a>
<ul>
<li>Bernstein cut the price target for CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) from $381 to $315. Bernstein analyst Peter Weed maintained an Outperform rating. CrowdStrike shares gained 0.8% to close at $262.54 on Friday. <a href="https://www.benzinga.com/quote/CRWD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt increased the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $300 to $345. Rosenblatt analyst Catharine Trebnick maintained a Neutral rating. Palo Alto shares fell 2.7% to close at $334.11 on Friday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Scotiabank boosted AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) price target from $27 to $30. Scotiabank analyst Tanya Jakusconek downgraded the stock from Sector Perform to Sector Underperform. AngloGold Ashanti shares rose 3.5% to close at $31.47 on Friday. <a href="https://www.benzinga.com/quote/AU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup cut the price target for Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) from $22 to $20. Citigroup analyst Jon Tower maintained a Neutral rating. Bloomin&#8217; Brands shares gained 0.1% to close at $17.27 on Friday. <a href="https://www.benzinga.com/quote/BLMN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $191 to $146. Barclays analyst Raimo Lenschow maintained an Equal-Weight rating. Snowflake shares gained 0.8% to close at $128.04 on Friday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) price target from $41 to $31. JP Morgan analyst Anne Samuel maintained an Overweight rating. Progyny shares gained 0.9% to close at $21.04 on Friday. <a href="https://www.benzinga.com/quote/PGNY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ascendiant Capital increased the price target for Genasys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) from $4.25 to $4.75. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Genasys shares rose 3% to close at $2.74 on Friday. <a href="https://www.benzinga.com/quote/GNSS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Chardan Capital cut Metagenomi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGX#NASDAQ">MGX</a>) price target from $17 to $15. Chardan Capital analyst Geulah Livshits maintained a Buy rating. Metagenomi shares fell 3.8% to close at $2.82 on Friday. <a href="https://www.benzinga.com/quote/MGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) price target from $70 to $82. Citigroup analyst Michael Rollins maintained a Buy rating. Cogent Communications shares fell 0.1% to close at $73.46 on Friday. <a href="https://www.benzinga.com/quote/CCOI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays raised The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) price target from $41 to $42. Barclays analyst Theresa Chen maintained an Equal-Weight rating. Williams shares gained 0.6% to close at $44.13 on Friday. <a href="https://www.benzinga.com/quote/WMB/analyst-ratings">See how other analysts view this stock.</a></li>
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Considering buying CCOI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="531" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png" alt="" class="wp-image-501422" style="width:528px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-1024x531.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152-768x398.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/19084949/image-152.png 1285w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

BLMN

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PANW

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Scotiabank analyst Tanya Jakusconek downgrades Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) from Sector Perform to Sector Underperform and raises the price target from $27 to $30.

Scotiabank Downgrades Anglogold Ashanti to Sector Underperform, Raises Price Target to $30

As of Aug 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Aspen Aerogels Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>)</h3>
<ul>
<li>On Aug. 7, Aspen Aerogels reported better-than-expected second-quarter revenue results. &#8220;This quarter&#8217;s results demonstrate the significant operating leverage of our business model as we continue to utilize a higher percentage of our current capacity and effectively execute our strategy,&#8221; commented Don Young, Aspen&#8217;s President and CEO. The company's stock gained around 35% over the past five days and has a <a href="https://www.benzinga.com/quote/ASPN">52-week high of $31.74</a>.</li>
<li>RSI Value: 73.40&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ASPN Price Action: Shares of Aspen Aerogels gained 22.6% to close at $29.92 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Anglogold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>)</h3>
<ul>
<li>On Aug. 6, AngloGold Ashanti reported a year-over-year increase in H1 financial results. &#8220;These results show the hard work that&#8217;s been done to improve the fundamentals of our business, to drive productivity benefits and manage costs to ensure we capture the benefit of stronger gold prices,&#8221; CEO Alberto Calderon said. &#8220;We expect to deliver an even stronger second-half performance.&#8221; The company's stock gained around 12% over the past month and <a href="https://www.benzinga.com/quote/AU">has a 52-week high</a> of $31.65.</li>
<li>RSI Value: 70.53</li>
<li>AU Price Action: Shares of Anglogold Ashanti gained 3.6% to close at $31.47 on Friday.</li>
</ul>
<h3 class="wp-block-heading">United States Antimony Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAMY#NYSE">UAMY</a>)</h3>
<ul>
<li>On Aug. 9, the company said revenues for the first six months of 2024 increased 26%, or $1.169 million, to $5.6 million, compared to the first six months of 2023. The company's stock gained around 71% over the past month and has a <a href="https://www.benzinga.com/quote/UAMY">52-week high</a> of $0.57.</li>
<li>RSI Value: 84.97</li>
<li>UAMY Price Action: Shares of United States Antimony gained 11.6% to close at $0.53 on Friday.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/08/40420521/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Short Ideas

ASPN

UAMY

Top 3 Materials Stocks That May Collapse In Q3

Scotiabank analyst Tanya Jakusconek maintains Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) with a Sector Perform and raises the price target from $26 to $27.

Scotiabank Maintains Sector Perform on Anglogold Ashanti, Raises Price Target to $27

In the latest quarter, 4 analysts provided ratings for Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Anglogold Ashanti and provided 12-month price targets. The average target is $31.25, accompanied by a high estimate of $34.00 and a low estimate of $26.00. Surpassing the previous average price target of $28.50, the current average has increased by 9.65%.
<img src="https://www.benzinga.com/files/images/story/2024/1723046444_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Anglogold Ashanti among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Raj Ray</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$34.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Patrick Jones</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$32.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Patrick Jones</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$33.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$26.00</td>
<td>$22.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Anglogold Ashanti. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Anglogold Ashanti compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Anglogold Ashanti's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Anglogold Ashanti analyst ratings.</a>
<h2>Delving into Anglogold Ashanti's Background</h2>
Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from the Africa region which includes its operations of the Kibali, Iduapriem, Obuasi, Siguiri, and Geita mines.
<h3>Financial Insights: Anglogold Ashanti</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Anglogold Ashanti's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2023, the company achieved a revenue growth rate of approximately 4.99%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Anglogold Ashanti's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -9.07%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Anglogold Ashanti's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.58%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.32%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.52, caution is advised due to increased financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Anglogold Ashanti Stands With Analysts

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Gold Miners: Winners And Losers At The Start Of Q4 2024

As gold is often seen as a safe-haven asset, gold mining companies tend to benefit when gold prices rise, offering a hedge against inflation, currency fluctuations, and geopolitical risks. Thus, amid this, it could be ideal to invest in solid gold stocks AngloGold Ashanti (AU), Agnico Eagle Mines (AEM), and Barrick Gold (GOLD) for portfolio safety. Continue reading... Federal Reserve's recent rate cuts have fueled the economy and thus boosted the gold market. The gold market is further poised to prosper with changing economic dynamics and geopolitical tensions in the Middle East.
Against this backdrop, it could be wise to buy fundamentally sound gold stocks AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>), Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>), and Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>) for portfolio safety.
Gold remains constant as a safe haven asset amid market volatility and economic downtrends, keeping its demand high among investors. Recently, the U.S. inflation data raised hopes of a rate cut next month, restraining the dollar below recent highs, and increasing gold demand stemmed from the geopolitical concerns in the Middle East lifting the bullion.
Last week, <a href="https://www.reuters.com/markets/commodities/gold-drifts-higher-after-data-supports-us-rate-cut-bets-2024-10-11/">spot gold rose 1.1% to $2,658.42 per ounce</a>, and U.S. gold futures were up 1.4%, settling at $2676.30. Also, the gold market is currently benefiting from the ongoing rising tensions in the Middle East, which has boosted bets for further <a href="https://www.reuters.com/markets/commodities/gold-breaks-2600-barrier-fed-cut-bets-prolong-historic-run-2024-09-20/">U.S. interest rate cuts</a>.
During the second quarter, with increasing mine production and recycling, <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2024/supply">total gold supply grew 4%</a> year-over-year to 1,258.2 tonnes. Also, total gold supply was 1% higher year-over-year at 2,441t, driven by 2% growth in mine production. Recycled gold volumes in the second quarter increased 4% from the prior year.
Expanding gold production capabilities in mining areas, supply-demand dynamics, and current geopolitical factors are propelling the market growth. As per IMARC Group, the global gold market is expected to reach 3460.71 Tons by 2032, expanding at a <a href="https://www.imarcgroup.com/gold-pricing-report">CAGR of 1.6%</a>.
Amid this, demand for gold continues to jump and attract investors' attention. Its quality to act as a hedge against inflation and growth potential poises the mining industry for long-term growth and protects your portfolio.
Given these conducive industry trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, beginning with number 3.
Stock #3: AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>)
AU operates as a gold mining company internationally. The company primarily explores for gold and produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
AU's forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> of 5.19x is 42% lower than the industry average of 8.96x. Likewise, the stock's forward non-GAAP P/E multiple of 9.98 is 40.3% lower than the industry average of 16.72. Similarly, its forward EV/EBIT of 7.87x is 45.7% lower than the industry average of 14.49x.
During the second quarter that ended June 30, 2024, AU's revenue from product sales increased 19.2% from the year-ago value to $1.38 billion. The company's gross profit grew 84.6% year-over-year to $467 million. Its profit for the period and EPS totaled $262 million and $60, compared to a loss for the period of $81 million and $20 per share during the prior year's quarter, respectively.
In addition, the company's adjusted EBITDA increased 92.1% year-over-year to $684 million, and its free cash flow was $183 million for the quarter.
Analysts expect AU's EPS for the fiscal year (ending December 2025) to grow 27.9% year-over-year to $3.48. The company's revenue for the same year is expected to increase 11.3% year-over-year to $6.27 billion. Shares of AU have soared 12% over the past six months and 43.6% over the past year to close the last trading session at $27.18.
AU's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AU has an A grade for Growth. The stock also has a B grade for Quality. It is ranked #13 in the list of 42 stocks within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
To check other POWR Ratings of AU for Sentiment, Value, Momentum, and Stability, <a href="https://stocknews.com/stock/AU/">click here</a>.
Stock #2: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM engages in the exploration, development, and production of precious metals. The company's mines are located in Canada, Australia, Finland, and Mexico, and they have exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.
On June 24, AEM announced the acquisition of 33,821,842 common shares of Maple Gold Mines Ltd. on June 21, 2024, for a price of $0.085 per common share for a total consideration of approximately $2.87 million from several sellers that acquired the common shares in connection with an offering of flow-through common shares issued by Maple.
The share purchase brought AEM's holding to 74,674,257 common shares, representing around 19.9% of the issued and outstanding common shares.
For the second quarter, which ended June 30, 2024, AEM's revenues from mining operations increased by 20.9% from the year-ago value to $2.08 billion. The company's adjusted net income came in at $535.27 million and $1.07 per share, reflecting increases of 68.2% and 64.6% year-over-year, respectively. Its adjusted EBITDA stood at $1.18 billion, up 32.9% year-over-year.
Also, the company's free cash flow rose 86.7% from the year-ago value to $557.24 million.
Street expects AEM's revenue for the third quarter (ended September 2024) to grow 28.3% year-over-year to $2.11 billion, while its EPS is expected to increase 123.4% year-over-year to $0.98, respectively. Further, it topped the consensus revenue and EPS estimates in all of the trailing four quarters.
Over the past six months, AEM's stock has surged 28.9% and 67.1% over the past year to close the last trading session at $79.46.
AEM's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AEM has a B grade for Growth and Sentiment. The stock is ranked #11 among the 42 stocks in the B-rated Miners - Gold industry.
To check other POWR Ratings of AEM for Value, Quality, Momentum, and Stability, <a href="https://stocknews.com/stock/AEM/">click here</a>.
Stock #1: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD is in the exploration, mine development, production, and sale of gold and copper properties worldwide. The company has ownership interests in producing gold mines in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the U.S.
On October 2, GOLD announced the development of a Super Pit at its Lumwana copper mine, officially launched by the Zambian President, His Excellency Hakainde Hichilema, accompanied by members of his cabinet. The feasibility study for the Super Pit Expansion will be carried out by the end of the year, paving the way for construction to start in 2025.
Once it is completed, the $2 billion project unlocks the potential to transform Lumwana into a long-life, high-yielding, top-25 copper producer and a Tier One copper mine.
GOLD's revenues increased 11.6% year-over-year to $3.16 billion for the second quarter that ended June 30, 2024. The company's adjusted net earnings were $557 million and $0.32 per share, up 65.8% and 68.4% from the prior year's quarter, respectively. Its attributable EBITDA rose 30.5% from the year-ago value to $1.29 billion.
Analysts expect GOLD's revenue and EPS for the third quarter (ended September 2024) to increase 20.6% and 43.4% year-over-year to $3.45 billion and $0.34, respectively. Also, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past six months, the stock has surged 10.8% and 31.3% over the past year to close the last trading session at $19.99.
GOLD's robust outlook is projected in its POWR Ratings. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Sentiment and Quality. It is ranked #10 out of 42 stocks within the same industry.
To see the other ratings of GOLD for Growth, Value, Stability, and Momentum, <a href="https://stocknews.com/stock/GOLD/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
AEM shares fell $0.50 (-0.63%) in after-hours trading Monday. Year-to-date, AEM has gained 48.33%, versus a 24.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aem-gold-au-3-gold-mining-stocks-to-buy-for-portfolio-safety/>3 Gold Mining Stocks to Buy for Portfolio Safety</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Gold Mining Stocks to Buy for Portfolio Safety

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