AngloGold Ashanti (NYSE:AU) Stock Upgrade and Performance Insights

• Roth Capital upgraded AngloGold Ashanti (NYSE:AU) to a "Buy" rating and increased the price target from $54 to $57.
• The company is expected to report a significant 118% year-over-year increase in earnings for Q2 2025, with earnings per share now estimated at $1.31.
• Despite a history of negative earnings surprises, AngloGold Ashanti has managed to keep its cash costs under control, showcasing only a 1% increase over four years.

AngloGold Ashanti (NYSE:AU) is a prominent player in the gold mining industry, with operations spanning across several continents. The company is known for its extensive mining activities and has a significant presence in Africa, Australia, and the Americas. AngloGold Ashanti competes with other major gold producers like Barrick Gold and Newmont Corporation.

On August 1, 2025, Roth Capital upgraded AngloGold Ashanti's stock to a "Buy" rating. At the time, the stock was priced at $48.52. Roth Capital also increased the price target from $54 to $57, indicating confidence in the company's future performance. This upgrade aligns with the anticipated strong second-quarter earnings, driven by high gold prices and robust production levels.

AngloGold Ashanti is expected to report a significant 118% year-over-year increase in earnings for Q2 2025. Analysts have raised the Zacks Consensus Estimate for AU's earnings by 2% over the past month, now standing at $1.31 per share. This growth is largely attributed to the Sukari mine, which contributed 117,000 ounces to the first-quarter output and is expected to boost the second-quarter results further.

The company has managed to keep its cash costs under control, with only a 1% increase over four years. This is a notable achievement compared to many of its major gold mining peers. Despite these positive indicators, AngloGold Ashanti has a history of negative earnings surprises, averaging 8.26% over the past four quarters. This history may temper some investor enthusiasm despite the current positive outlook.

Currently, AU's stock is priced at $48.35, reflecting a 4.54% increase with a price change of $2.10. The stock has fluctuated between $46.70 and $49.24 today. Over the past year, AU has seen a high of $51.93 and a low of $22.45. The company's market capitalization is approximately $24.35 billion, with a trading volume of 2,993,111 shares, indicating active investor interest.