The COMEX closed today's session climbed +3.3% today to a current spot price of $3426 per ounce -- a new record high.
Recent gold price rally seems far from over, giving the actual macroeconomic context. The gold's upward trend highly benefited gold mining companies in 2024, getting them on track to keep crushing it this year. The acquisition of the Sukari gold mine through the Centamin deal gives Anglo a new growth catalyst for this year after achieving a record free cash flow in 2024.
Gold prices have surged 38% YoY, boosting AngloGold Ashanti shares; I initiate a buy rating due to its modest valuation and strong fundamentals. Despite a soft earnings report, AU's stock hit multi-year highs, supported by a bullish reversal in profit and robust free cash flow. AU's FY 2025 outlook is positive with expected production of 2.9-3.2 million ounces and aggressive capex plans, particularly in Nevada.
Does AngloGold Ashanti (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how AngloGold Ashanti (AU) and Novozymes A/S (NVZMY) have performed compared to their sector so far this year.
Gold and insurance stocks dominate top IBD lists in a down market. Along with GE Aerospace, they are among stocks to watch near buy points this week.
Radical shifts are coming to trade and immigration, but market participants are not yet seeing the light at the end of the tunnel.
Here is how AngloGold Ashanti (AU) and SSR Mining (SSRM) have performed compared to their sector so far this year.
In the most recent trading session, AngloGold Ashanti (AU) closed at $33.24, indicating a +0.24% shift from the previous trading day.
Here is how AngloGold Ashanti (AU) and i-80 Gold (IAUX) have performed compared to their sector so far this year.
Does AngloGold Ashanti (AU) have what it takes to be a top stock pick for momentum investors? Let's find out.
AngloGold Ashanti (AU -2.28%) stock is crushing the S&P 500. Shares of the gold miner zoomed 30.9% in the month of January alone, according to data provided by S&P Global Market Intelligence, and are inching even higher this month.