AngloGold Ashanti (AU) Gets Initiated With a Buy at Roth Capital
AngloGold Ashanti plc (NYSE:AU) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. Roth Capital analyst Joe Reagor initiated coverage of AngloGold Ashanti plc (NYSE:AU) with a Buy rating on June 12, setting a $52 price target. The firm reasoned that the company has a 'strong plan for growth,' with its management focused on organic development and acquisitions.
A group of miners in hard hats and safety gear descending into a deep coal mine.
The analyst also reasoned in a research note that AngloGold Ashanti plc (NYSE:AU) is an attractive investment for generalist investors because of its new dividend policy and strong gold price leverage.
Based in the UK, AngloGold Ashanti plc (NYSE:AU) is an independent global gold mining company with a diverse portfolio of exploration activities, projects, and operations spanning nine countries across four continents. The company's portfolio spans the Americas, Africa, and Australia. It also produces sulphuric acid and silver as by-products.
While we acknowledge the potential of AU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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