AngloGold Ashanti (AU) Stock Analysis & Forecast

Nov 4 close

$87.91+6.50 (+8.0%)

Gekko Brief

AI summaryNov 4 close

AngloGold Ashanti heads into its third-quarter 2026 earnings report, due 5 November, with analyst sentiment described as bullish: J.P. Morgan and Freedom Capital Markets have both maintained Buy ratings, and the stock has been flagged as a "Growth at a Reasonable Price" candidate given balance-sheet strength and profitability versus peers and the S&P 500. The stock has also been registering declines larger than the broader market in recent sessions, with one article noting a close of $85.08, a -2.49% move.

The stock closes at $87.91, down 8% recently, sitting below both its 50-day ($96.85) and 200-day ($96.55) averages, and well off its 52-week high of $129.14 though still above its 52-week low of $63.29. Over the past year the stock is up 31.1%, but the three-month return is roughly flat at 0.4% and the six-month return is down 10.8%. The GekkoIndex reads 62.8, placing it in the Accumulation zone, and the price sits 15.6% below the Gekko Fair Value of $104.20.

Earnings arrive on 5 November, zero days away, placing results risk squarely inside the next 20-trading-day window; the last report showed EPS of $1.98 against a $2.04 estimate, with an average absolute reaction of 7.7% historically. Analyst consensus shows 7 buy ratings against 1 hold among 8 firms, with a consensus target of $114.17. Seasonality from this calendar point has averaged a 12.9% gain over 20 trading days across 5 years, rising in 3 of them. No insider, Congress, or unusual options activity appears in the current window.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

AngloGold Ashanti price vs fair value

$104.20$87.91Nov ’25May ’26Nov ’26
Close $87.91200-day averageGekko Fair Value $104.20

AngloGold Ashanti quick facts

Market cap
$44.48B
P/E ratio
10.7
Forward P/E
11.7
EPS, TTM
$7.69
Revenue, TTM
$11.83B
Profit margin
32.2%
Dividend yield
5.49%
Beta
0.75
Volume
3.41M avg 2.43M
1-year return
+31.1%
Typical daily move
±4.1%
Typical 20-day move
±9.6%
50-day average
$96.85
200-day average
$96.55
Next earnings
Nov 5 before open
Shares outstanding
505.8M
52-week range
$63.29$129.14

AngloGold Ashanti swing-trade checklist

AngloGold Ashanti scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $87.91 sits between the 50-day ($96.85) and 200-day ($96.55) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    62.8, Accumulation

    Reading 62.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    15.6% below

    Price is 15.6% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports today

    Reports on Nov 5, 2026, today — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +12.9% on average

    From this point in the calendar, the next 20 trading days averaged +12.9% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

AngloGold Ashanti stock chart and price history

AngloGold Ashanti closed at $87.91 on Nov 4, 2026, +31.1% over the past year, inside a 52-week range of $63.29 to $129.14.

Close50-day average200-day averageVolume
AngloGold Ashanti share price, past year, with 50-day and 200-day moving averages and volume$60$80$100$120DecJan 2026FebMarAprMayJunJulAugSepOct87.91

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−6.0%
3 months
+0.4%
6 months
−10.8%
1 year
+31.1%
The full AU chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open AU in Gekko

Follow AngloGold Ashanti through every session

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About AngloGold Ashanti

AngloGold Ashanti mines gold across operations in Africa, Australia, and the Americas, extracting the metal alongside byproducts such as silver and sulphuric acid. The company is most closely associated with its Geita mine, a wholly owned operation situated in the Lake Victoria goldfields within Tanzania's Geita region, in the country's northwest.

Its business centers on exploring for and producing gold and related materials from properties spread across multiple continents, with the Geita site standing out as a fully owned asset rather than a joint venture or minority stake.

AngloGold Ashanti traces its incorporation back to 1944 and runs its headquarters out of Greenwood Village, Colorado. Its shares trade under the ticker AU.

Sector
Non-energy minerals
Website
anglogoldashanti.com

AngloGold Ashanti GekkoIndex: the smart money zone

AngloGold Ashanti’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.8, in the Accumulation zone, down 1.5 points over five sessions.

010062.8Accumulation

Down 1.5 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying6Too few readings yet
Accumulation (current zone)170+1.1%+3.0%+7.2%+14.4%
Neutral388+1.9%+3.4%+5.7%+15.2%
Distribution86−1.2%−2.0%−0.8%+10.5%
Selling0Not available

Average AU share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the AU price, zone by zone.Track AU in Gekko

Is AngloGold Ashanti stock overvalued? Gekko Fair Value

AngloGold Ashanti trades 15.6% below Gekko Fair Value of $104.20, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what AngloGold Ashanti shares are worth, recalculated every trading day.

$104.20

Gekko Fair Value, Nov 4, 2026

15.6% Undervalued

At the end of Aug 2026 the price was 7.9% above the estimate.

Gekko Fair ValueShare price, month end
$104$81Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open AU in Gekko

AngloGold Ashanti insider and Congress trading

No open-market insider purchases were filed for AngloGold Ashanti, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for AU in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every AU insider filing, plotted on the chart in Gekko.Open AU in Gekko

Congress trades last 90 days

No trades in AU were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for AU, plotted on the chart in Gekko.Open AU in Gekko

Buybacks

AngloGold Ashanti has been buying back its own shares.

Bought back, quarter ended Dec 31, 2023
$19.00M
As a share of market cap
0.04%

From company filings.

AngloGold Ashanti earnings: next date and track record

AngloGold Ashanti reports on Nov 5, 2026, before the open (today), and beat the EPS estimate in 2 of its last 8 reports.

2 of 8reports beat the EPS estimate
±7.7%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+5.4%Nov ’24−0.5%Feb ’25−4.1%May ’25+15.0%Aug ’25+14.9%Nov ’25+12.5%Feb ’26+8.1%May ’26−0.9%Jul ’26

Last earnings call, Jul 31, 2026 AI summary

What they said
AngloGold Ashanti reported strong first-half 2026 results driven by higher realized gold prices and disciplined cost execution. Production (adjusted for the sale of Serra Grande) was broadly stable at ~1.5 Moz, while EBITDA and earnings grew significantly year-on-year (EBITDA +46%, EPS +49%). Free cash flow in Q2 was $727m (up 36% YoY) and the company ended the quarter with net cash of $991m. Management declared ~$1bn in dividends across six months and announced an approved buyback program to be executed opportunistically subject to Reserve Bank of South Africa approval. Key operational highlights include standout performances at Tropicana and Cuiaba, continued progress on growth projects (Arthur, North Bullfrog, Geita, Sukari, Siguiri, Cuiaba), and a centralized team to accelerate organic growth. The quarter was affected by a fatality at Obuasi that led to a two-week suspension and subsequent operational impacts (ore-pass damage and constrained shaft use), as well as industry-wide cost headwinds (inflation, higher fuel/Brent prices, royalties, FX). Management reiterated disciplined capital allocation, focus on Full Asset Potential initiatives, stable sustaining capital intensity (~$480/oz), commitment to reserve replacement and social/regulatory engagement, and expects second-half production to rise ~6% with lower cash costs as volumes improve. They also flagged a lumpy tax payment (~$540m) in Q2 with expected partial timing into Q3/Q4.
Guidance
Remain comfortably within full-year guidance; management expects second-half production to increase by ~6% and cash costs to decline versus H1 due to higher production. Company reiterated prior guidance of incremental portfolio growth of c.300,000-450,000 oz above 2025 baseline from identified organic projects over the medium term. Buybacks to be opportunistic and subject to Reserve Bank approval; target $1bn cash buffer and intention to return substantial free cash flow (50%+ through dividends and additional repurchases if gold price holds). Sukari grid connection commissioning targeted early 2028. Arthur feasibility study funded to progress (targeting 1M+ oz reserve additions this year).
Risks flagged
Operational safety risk: fatality at Obuasi caused suspension and ongoing operational constraints. Cost and margin risks from inflation, higher fuel/Brent prices, rising royalties and adverse FX movements. Regulatory and political risks including government requirements at Siguiri (refinery/local value-add), Reserve Bank approval for buybacks, licensing/resettlement issues in some jurisdictions, lumpy tax/timing impacts (~$540m tax in Q2), and potential project execution delays (e.g., Sukari grid, ore-pass reconstruction).
ReportedEPSSurpriseRevenueSurpriseMove
Jul 31, 2026$1.98
est $2.04
−2.9%$3.10B
est $3.20B
−3.0%−0.9%
May 8, 2026$2.52
est $2.21
+14.0%$3.15B
est $3.26B
−3.2%+8.1%
Feb 20, 2026$1.90
est $1.90
0.0%$3.02B
est $3.04B
−0.7%+12.5%
Nov 11, 2025$1.32
est $1.34
−1.5%$2.37B
est $2.53B
−6.3%+14.9%
Aug 1, 2025$1.25
est $1.31
−4.6%$2.45B
est $2.42B
+1.2%+15.0%
May 9, 2025$0.88
est $0.84
+4.8%$1.96B
est $1.84B
+6.7%−4.1%
Feb 19, 2025$0.89
est $1.27
−29.9%$1.75B
est $2.05B
−14.7%−0.5%
Nov 7, 2024$0.53
est $0.81
−34.6%$1.49B—+5.4%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

AngloGold Ashanti stock forecast and analyst price targets

Analysts’ average 12-month price target for AngloGold Ashanti is $114.17, +29.9% from the last close, from 8 firms rating the stock in the last 90 days.

$114.17consensus 12-month target, +29.9% from the last close
Low $95High $138
Buy7
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 8 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Nov 2TD CowenBuy, maintained$123+39.9%
Oct 30J.P. MorganBuy, maintained$138+57.0%
Oct 27Roth MKMBuy, maintained$95+8.1%
Oct 22Freedom Capital MarketsBuy, maintained$111.50+26.8%
Oct 22RBC CapitalBuy, maintained$111+26.3%
+7.2%average 20-day move after past Accumulation readings
+12.9%average move over the next 20 trading days in the last 5 years
±4.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

AngloGold Ashanti seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, AngloGold Ashanti averaged +12.9% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+12.8%2021+26.0%2022−1.2%2023−5.4%2024+31.3%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+7.1%3 of 5
Next 10 trading days+7.1%3 of 5
Next 15 trading days+9.2%3 of 5
Next 20 trading days+12.9%3 of 5
Next 30 trading days+10.5%3 of 5

For scale, AU’s typical 20-trading-day move in either direction is about 9.6%.

AngloGold Ashanti market cap and key statistics

AngloGold Ashanti’s market cap is $44.48B, with a P/E ratio of 10.7 and revenue of $11.83B over the last twelve months.

Valuation

Market cap
$44.48B
P/E ratio
10.7
Forward P/E
11.7
EPS, TTM
$7.69
Gekko Fair Value
$104.20

Trading

Volume
3.41M
Avg volume, 20 days
2.43M
52-week high
$129.14
52-week low
$63.29
Shares outstanding
505.8M

Financials

Revenue, TTM
$11.83B
Profit margin
32.2%
Return on equity
44.7%
Quarterly earnings growth, YoY
+50.1%

Risk and income

Beta
0.75
Typical daily move
±4.1%
Typical 20-day move
±9.6%
Dividend yield
5.49%

AngloGold Ashanti stock news this week

Coverage of AngloGold Ashanti this week reads neutral: 3 positive, 4 neutral and 0 negative headlines.

News sentiment neutral

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AngloGold Ashanti stock FAQ

What is AngloGold Ashanti’s market cap?

AngloGold Ashanti’s market cap is $44.48B at the Nov 4, 2026 close of $87.91, with 505.8M shares outstanding. The shares trade on a P/E ratio of 10.7.

What is the AngloGold Ashanti stock forecast?

The consensus analyst 12-month price target for AngloGold Ashanti is $114.17, +29.9% from the last close. Of the 8 firms that rated the stock in the last 90 days, 7 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is AngloGold Ashanti stock overvalued or undervalued?

On Gekko’s estimate AngloGold Ashanti is undervalued: the Nov 4, 2026 close of $87.91 is 15.6% below Gekko Fair Value of $104.20. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does AngloGold Ashanti report earnings next?

AngloGold Ashanti is expected to report on Nov 5, 2026, before the market opens (today). Analysts expect earnings of $1.76 per share on revenue of $2.89B. AngloGold Ashanti beat the earnings estimate in 2 of its last 8 reports, moving 7.7% on average across the report.

What is AngloGold Ashanti’s 52-week high and low?

AngloGold Ashanti’s 52-week high is $129.14 and its 52-week low is $63.29; it closed at $87.91 on Nov 4, 2026, +31.1% over the past year.

Is AngloGold Ashanti stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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