AngloGold Ashanti PLC falls as silver prices decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Should l Buy AU?
Source: 144
AngloGold Ashanti PLC's stock price dropped by 5.08% as it crossed below its 5-day SMA amid a broader market decline.
The decline in silver prices, which fell 6% to $67 per ounce, has negatively impacted mining stocks, including AngloGold Ashanti. This trend suggests a potential shift in market dynamics that could affect future performance.
Investors are advised to monitor silver market trends closely, as further declines could lead to additional pressure on mining stocks.
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Analyst Views on AU
Wall Street analysts forecast AU stock price to fall
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 127.770
Low
92.00
Averages
116.20
High
131.00
Current: 127.770
Low
92.00
Averages
116.20
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in 10 countries, across four continents. The Company’s diverse portfolio includes approximately 11 operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. The Company’s portfolio includes Africa, the Americas, and Australia. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). The Americas hosts three of its operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a significant new greenfield development in Nevada in the United States. Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- ETF Momentum Recovery: The iShares MSCI South Africa ETF (EZA) has reestablished short-term momentum after a brief shakeout, with a bullish crossover in the daily MACD serving as a positive technical catalyst, suggesting a rebound in investor confidence.
- Technical Indicators Support: EZA is supported by three rising and diverging moving averages on the weekly chart, while a rising MACD histogram on the monthly chart reinforces the long-term uptrend, indicating that the intermediate- and long-term momentum behind South African equities remains healthy.
- Relative Strength Continuation: Since the start of 2025, South Africa's equity market has consistently outperformed the U.S. market, with the ratio of EZA to the S&P 500 trending higher, suggesting that South African equities could extend their relative strength through 2026, warranting investor attention on this trend.
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- Poor Financial Sector Performance: The Financial Select Sector SPDR Fund (NYSE:XLF) experienced its worst day since April 2025, reflecting growing concerns about financial stability that could impact future investment decisions.
- Tech Stocks Remain Under Pressure: The iShares Expanded Tech-Software Sector ETF (BATS:IGV) fell 5%, hitting its lowest level since August 2024, as software companies continued their recent downturn, suggesting ongoing challenges in the tech sector.
- Trade Policy Uncertainty: Trump's plan to raise global tariffs to 15% to replace duties ruled illegal by the Supreme Court has injected fresh uncertainty into trade policy, raising questions about whether businesses that paid the invalidated levies will receive refunds.
See More
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- Interim Dividend Announcement: AngloGold Ashanti has declared an interim dividend of $1.73 per share, reflecting the company's stable cash flow and profitability in the current economic environment, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 6.43% not only provides shareholders with a substantial return but may also enhance market demand for the company's stock, potentially boosting its price performance.
- Shareholder Record Date: The dividend will be payable on March 27, with a record date of March 13 and an ex-dividend date also on March 13, ensuring that shareholders can receive their earnings promptly, thereby strengthening the trust relationship between the company and its investors.
- Market Reaction Expectations: Following the dividend announcement, market attention on AngloGold Ashanti is expected to increase, especially in light of the company's updated FY26 outlook, prompting investors to closely monitor its future financial performance and strategic direction.
See More
AngloGold Ashanti Q4 2023 Earnings Analysis
- Earnings Performance: AngloGold Ashanti reported a Q4 2023 Non-GAAP EPS of $1.90, missing expectations by $0.04, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved revenue of $3.02 billion, a 76.2% year-over-year increase, surpassing market expectations by $30 million, demonstrating strong performance and sales growth in the gold market.
- Future Outlook: Gold production is forecasted to range between 2.80Moz and 3.17Moz in 2026, reflecting the company's confidence in future production capabilities and providing long-term growth potential for investors.
- Cost Projections: Total cash costs per ounce are expected to range from $1,315 to $1,430 in 2026, representing an approximate 11% increase compared to 2025, primarily due to higher royalty costs and inflation, which may pressure profit margins.
See More
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- Significant Earnings Increase: AngloGold Ashanti reported a fourth-quarter net income of $855 million, or $1.68 per share, which is a substantial rise from last year's $470 million and $1.03 per share, indicating strong market performance.
- Robust Adjusted Earnings: Excluding items, the company posted adjusted earnings of $967 million, or $1.90 per share, showcasing the resilience of its core operations and enhanced profitability, which further boosts investor confidence.
- Revenue Surge: The company's revenue for the fourth quarter rose by 75.3% to $3.068 billion from $1.750 billion last year, reflecting a strong recovery in sales and market demand, driving overall performance improvements.
- Positive Market Outlook: The strong financial results from AngloGold Ashanti in the fourth quarter not only enhance its market position but may also attract more investor interest, potentially driving stock price increases and future growth prospects.
See More
AngloGold Ashanti Reports Record Free Cash Flow in 2025
- Record Free Cash Flow: AngloGold Ashanti achieved a record free cash flow of $2.9 billion in 2025, driven by strong production growth and higher gold prices, showcasing the company's excellence in cost control and operational efficiency.
- Historic Dividend Payments: The company declared an interim dividend of $875 million for Q4 2025, bringing the total payout for the year to $1.8 billion, the highest ever, reflecting confidence in future performance and commitment to shareholder returns.
- Significant Gold Production Growth: Gold production increased by 16% year-on-year to 3.1 million ounces in 2025, primarily due to the full-year contribution from the Sukari mine, further solidifying the company's competitive position in the global gold market.
- Improved Safety Performance: The Total Recordable Injury Frequency Rate (TRIFR) improved to 0.97 in 2025, the lowest in the company's history and well below the industry average of the International Council on Metals and Minerals, demonstrating ongoing efforts in safety management.
See More
