AngloGold Ashanti to Join Russell 3000 and Other Russell Equity Indexes on 27 June 2025
Final index membership will become effective after the U.S. market closes on Friday, 27 June 2025, with rebalanced index constituents reflected in trading beginning Monday, 30 June 2025.
'This is an important milestone for AngloGold Ashanti,' said Alberto Calderon, Chief Executive Officer of AngloGold Ashanti. ' Our inclusion in this important family of US equity market indexes will help further increase liquidity and unlock long-term value for our shareholders.'
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. Indexes, which belong to FTSE Russell, the global index provider. The reconstitution of the Russell U.S. Indexes ranks the 4,000 largest U.S. stocks by market capitalisation to reflect changes in the investable equity market. This year's rebalance is expected to drive more than $53 billion in passive flows, and marks one of the highest-volume trading days of the year.
AngloGold Ashanti's anticipated inclusion in these benchmark equity indexes on 27 June 2025 follows the move of the Company's primary listing to the NYSE in September 2023.
About AngloGold Ashanti
AngloGold Ashanti plc is an independent, global gold mining company with a diversified portfolio of operations, projects, and exploration activities across ten countries. Headquartered in Denver, Colorado, the Company is committed to operational excellence, disciplined capital allocation, and sustainable value creation. AngloGold Ashanti has its primary listing on the NYSE and secondary listings on the Johannesburg Stock Exchange (A2X and JSE) and the Ghana Stock Exchange (GSE).
For more information, visit: www.anglogoldashanti.com
About FTSE Russell
FTSE Russell is a leading global index provider, benchmarking approximately $18.1 trillion in assets. The Russell U.S. Indexes are designed to represent the U.S. equity market with transparent, rules-based methodologies. Beginning in 2026, FTSE Russell will transition to semi-annual reconstitutions to reflect evolving market conditions.
For more information on the 2025 reconstitution, visit: https://www.lseg.com/en/ftse-russell/russell-reconstitution#overview
JSE Sponsor: The Standard Bank of South Africa
Forward-looking statements
Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as 'believe', 'expect', 'aim', 'anticipate', 'intend', 'foresee', 'forecast', 'predict', 'project', 'estimate', 'likely', 'may', 'might', 'could', 'should', 'would', 'seek', 'plan', 'scheduled', 'possible', 'continue', 'potential', 'outlook', 'target' or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
11 hours ago
- Business Insider
Short Report: Clear Secure bears cover as strong guidance lifts shares
Welcome to this week's installment of 'The Short Interest Report' – The Fly's weekly recap of short interest trends among some of the most widely followed high-short-float stocks. Using the data from our partner which utilizes the latest information from stock lenders to estimate short interest changes for thousands of publicly traded companies, this report will screen for some of biggest changes in short interest as a percentage of free float and days-to-cover ratios while also considering the short interest data on some of the more volatile and heavier-traded names of the week. Based on the availability of data from Ortex, the report tracks the trading period that covers prior Friday through Thursday of this week, excluding holidays. As a basis of comparison for stocks discussed below, the S&P 500 index was flat, the Nasdaq Composite was up 0.6%, the Russell 2000 index up 0.1%, the Russell 2000 Growth ETF (IWO) was up 0.3%, and the Russell 2000 Value ETF (IWN) was up 0.2% in the five-day trading session range through August 7. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. SHORT INTEREST GAINERS Ortex-reported short interest in Lucid Group (LCID) had troughed at a two-month low of about 29% heading into the company's August 5th earnings, though with investors disappointed Lucid's wider than expected loss, bears are again boosting their exposure. Shorts as a percentage of free float accelerated from 29.5% to 31.8% and days-to-cover on the higher-end EV automaker rose from 4.3 to 5.3, with little relative trading volume increases accompanying its quarterly results. Just three weeks ago, the stock experienced an intra-day spike of nearly 50% when the company announced an autonomous robotaxi partnership with Uber and Nuro, with the aim to deploy 20,000 or more Lucid vehicles equipped with the Nuro Driver over six years. Since then however, all of those gains have been erased. This week, Lucid shares fell 13% in the five-day period covered, and the stock is now down 29.5% year-to-date. Ortex-reported short interest in Enovix (ENVX) had fallen to a multi-year low around 19% in late July, though with the stock also reversing much of its recent rally following a modest beat and in-line Q3 outlook after its July 31st earnings, bears are also turning less leary. Shorts as a percentage of free float on the name rose from 19.2% to 22.1%, though days-to-cover is down from 8.4 to 7.8 given the increase in trading volume. Enovix shares were down 18% in the five-day period covered, though even after Friday's 2% slide, the stock is down just 1% year-to-date. Ortex-reported short interest in Frontier Group (ULCC) is flying higher as the stock price has resumed its descend following a wider than expected Q2 loss and disappointing guidance for Q3. Shorts as a percentage of free float on Frontier rose from 27.6% to 31.2%, matching the highs above 31% set in mid- and late-June, while days-to-cover on the budget airline jumped from 5.4 to 6.8 despite large trading volume the day of and the day after earnings on August 5th and 6th. The turbulent stock, meanwhile, was down 24% in the five-day period through Thursday, having fully erased its June 23 to July 29 trough to peak 53% rally and closing in on this year's low. SHORT INTEREST DECLINERS Ortex-reported short interest in Clear Secure (YOU) is caving after the company reported Q2 results that saw a beat on revenue and also better than expected outlook for sales in Q3. Shorts as a percentage of free float – already down from outsized high-30% levels seen in mid-June – had settled into mid-20% levels but fell further from 24.3% to 21.7% – a three-month low – this week on post-earnings short-covering. Days to cover also retreated from 5.4 to 5.1 as volumes ticked higher. The stock was up as much as 14% intraday following Clear Secure's results and gained 8.6% overall during the five-day period covered through Thursday. Year-to-date, shares are now up 20%. Ortex-reported short interest in Birkenstock (BIRK) is down sharply heading into the company's Q3 results this coming Thursday. Coming out of its earnings in Q2 in May, the stock jumped a solid 6%. Shorts as a percentage of free float had reached 2025 highs around 25% earlier in the week but collapsed to 16% just as shares slipped to three-week lows. Low trading volume this week lifted the days-to-cover on the name however from 3.4 to 4.2. Over the five-day period covered, Birkenstock shares traded down by 3.2% and have now shed 15% year-to-date.
Yahoo
15 hours ago
- Yahoo
When The Fed Cuts Rates, It's A Clear Sign
To us at MoneyFlows, when the Fed cuts rates, it's a clear sign. It's time to buy small-caps stocks. Solid Fundamental Data Driving Rising Indices The Fed hasn't cut rates yet and stocks of all sizes are rising. The S&P 500, Nasdaq 100, S&P MidCap 400, and Russell 2000 have all gained: There is a lot of solid fundamental data driving rising indices. There's also excitement around trade deals, solid inflation numbers, and the belief that AI will deliver meaningful efficiencies. MoneyFlows data shows risk-on behavior: There's another major force driving capital to small- and mid-cap names: the coming Fed interest rate cuts. Highly capitalized firms, which are often small, will benefit as bottom lines heal. And that's a good thing for shareholders. When the Fed cuts rates and the economy holds up well, stocks flourish. It happened during the Gulf War of 1991 and 1992, the middle 1990s, and the global currency crisis in 1998. MoneyFlows data indicates today is similar – a healthy economy with rate cuts ahead. And that's been great for stocks in the past: If we get any summertime pullback, have a buy list ready. Seasonal weakness in August and September could bring in volatility. When markets inevitably pull back, being ready to pounce on high quality names is key. One small-cap name that's received lots of Big Money attention is Talen Energy Corporation (TLN). It recently announced better-than-expected auction results for the upcoming year. So, power usage should increase, boosting earnings expectations. It's had multiple outlier inflows recently: TLN has three-year sales growth of 45.1% and three-year EPS growth of 77.1%. No wonder it's up 86% this year so far! It could go higher with rate cuts. Outlier Stocks Will Soar Markets rotate and leadership changes. That's the way of the world. With MoneyFlows, you can spot the winners seeing Big Money inflows. As interest rates fall, stocks will rise. Outlier stocks will soar, and if you follow the flows, you can see the high risers. If you are a Registered Investment Advisor (RIA) or a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. Note: the author holds no positions in any securities mentioned in this article. This article was originally posted on FX Empire More From FXEMPIRE: Spot Superstars Like F5 Early with Money Flows EU's Sluggish Economy Faces Moderate Growth Slowdown from US Trade Tensions Markets Tightens After FED's Statement and New Tariffs Waiting Game: Fed Holds Steady, But Not Everyone's on Board When The Fed Cuts Rates, It's A Clear Sign Identify Winners Like Vistra Early with Money Flows
Forbes
a day ago
- Forbes
The Russell 2000 Small Caps ETF Did Not Hit A New High
The iShares Russell 2000 small caps ETF did not hit a new high. While stock market commentators gushed about the Nasdaq 100's new high and the S&P 500's almost new high, few noted the lack of one from the small caps. Why won't these punier equities go along with the program? Market capitalization is the price of the stock times the number of shares. Analysts use it to distinguish between the big stocks and the small stocks. Big stocks like Nvidia, Apple, Amazon and Tesla find their place in the S&P 500 or the Nasdaq 100 or sometimes both. The market cap for Nvidia is $4457 billion. For Amazon, it's $2374 billion. The market cap for Credo Technologies, the largest of the small caps, is $20.67 billion. For the fourth largest small cap, Hims & Hers Health, it's $11.74 billion. You can see how it drops off quickly as you move down the list. Russell 2000 ETF fails to hit a new high The names of stocks that make up the Russell 2000 are ones you probably haven't heard of. Well, let's put it this way: you MAY have heard of a few but they don't get mentioned much on the front page or in short market updates on the tube. The largest sector within the ETF is financials, mostly regional banks – non-Wall Street hometown variety. Here's the weekly price chart for the Russell 2000: The small caps ETF peaked in November 2024 at just above $240. This week's close of near $220 failed to make a new high. Note the decline as indicated by the dotted red line. The divergence between this type of performance and the type for the Nasdaq 100 is a problem for those who remain enthusiastic about stock markets. Since I mentioned the two largest of the small caps, just for the record, here's how they look. Credo Technologies: The semiconductor company specializes in data center technology. This year's earnings are up 129% and up over the past five years by 52%. It's been good to be a tech stock lately, whether large or small cap. The price earnings ratio is 432 (!). The stock trades at 30 times its book value. The debt to equity ratio is .02. Credo amounts to just .68% of the Russell 2000 ETF, so the largest position is not that much of the total. The stock has gone from near $30 in late March/early April to the present $120, a triple in less than a year. Note that the volume levels peaked in June and have dropped since then. Hims & Hers Health. It's a personal and household products company and amounts to .38% of the ETF. Earnings for this year are up 11%. They're up over the past five years by 28%. The price-earnings ratio is 65 and the stock goes for 20 times book value. The short float is a high 32% – showing a greater level of disbelief in this company than for most. Should those shorts ever be forced to cover that would provide fuel for a rally. Hims & Hers peaked in February at near $72.50 and now trades for $51.94. That's a 28% drop in value in a short time, a possible reason for the short float issue. The company's debt-to-equity ratio is 1.86. Stats courtesy of Charts courtesy of No artificial intelligence was used in the writing of this post. More analysis and commentary at
