Latest news with #AnglogoldAshanti
Yahoo
18-04-2025
- Business
- Yahoo
Is Anglogold Ashanti (NYSE:AU) a Cheap Hot Stock to Buy Right Now?
We recently published a list of the 10 Cheap Hot Stocks to Buy Right Now. In this article, we are going to take a look at where Anglogold Ashanti (NYSE:AU) stands against other cheap hot stocks. Periods of high market volatility can make cheap stocks attractive because sharp price swings may undervalue fundamentally strong growth companies in the short run. This allows selective long-term investors to buy them at a discount and benefit when stability returns and prices recover. On April 17, AB's Jim Tierney and Charles Schwab's Kathy Jones appeared together on CNBC's 'Power Lunch' to discuss how long-term investors should move in the current market. Kathy Jones recommended neglecting the current marked noise and emphasized the importance of sticking to fundamental investment principles during such uncertainty. She advised investors to remain diversified, while keeping in mind their personal risk tolerance and capacity. She says that the current environment is one of considerable uncertainty and volatility, making a conservative, credit-quality-focused fixed income portfolio suitable. Jones thinks that long-term investors seeking income, capital preservation, and diversification from stocks should focus on higher credit quality bonds with a duration of about 5 to 7 years. She believes that this duration can balance earning a fair amount of interest income while minimizing credit risk, volatility, and interest rate risk. Given the current market uncertainty, Jim Tierney encouraged equity investors to seek and be selective about opportunities available to them right now. He's optimistic that attractive investment opportunities still exist despite the challenging environment. Tierney also addressed whether the recent market rebound should prompt investors to sell. He argued that for long-term investors, slightly lower prices amid a market that has risen about 90% over 5 years present a better entry point. He cautioned against expecting annual gains of 20% every year, noting that such consistently high returns are unrealistic. He highlighted the potential for companies capable of double-digit growth over the next 5 years to perform well despite tariff uncertainties. He advised focusing on firms that manufacture locally in different countries, so that tariff risks can be avoided. He even thinks that the companies with pricing power would be better off if tariffs were implemented in some form. We first sifted through the Finviz stock screener to compile a list of the top cheap stocks with a forward P/E ratio under 15 as of April 16. Then we picked the 10 hot stocks with highest gains over the past 1 month (over 15%), that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 900 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A group of miners in hard hats and safety gear descending into a deep coal mine. Forward P/E Ratio as of April 16: 10.91Number of Hedge Fund Holders: 31 Anglogold Ashanti (NYSE:AU) is a gold mining company in Africa, Australia, and the Americas. It explores for gold, as well as by-products such as silver and sulphuric acid. Its flagship property includes 100% ownership of the Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. In 2024, the company produced 2,660 thousand troy ounces of gold, which was slightly higher than the 2,640 thousand troy ounces produced in 2023. This generated the majority of the company's $5.79 billion in revenue for the full year, which was a 26% year-over-year increase due to favorable gold prices. On April 15, Scotiabank raised the stock's price target to $42 from $34 while maintaining a Sector Perform rating. Anglogold is actively pursuing strategies to enhance its gold production. The company's $2.5 billion acquisition of Centamin in September 2024 is a key instance here. This move includes Centamin's flagship Sukari gold mine in Egypt and is projected to boost Anglogold's annual gold production above 3 million ounces. This could potentially position the company as the world's fourth-largest gold producer. Overall, AU ranks 3rd on our list of the cheap hot stocks to buy right now. While we acknowledge the growth potential of AU, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Zawya
16-04-2025
- Business
- Zawya
AngloGold Ashanti Sponsors Mining in Motion Amid Industry Expansion
Global gold mining company AngloGold Ashanti is implementing an expansion strategy in Ghana, targeting greater gold production across its projects. Amid this expansion, the company has joined the Mining in Motion 2025 summit as a Gold Sponsor, underscoring a commitment to advancing sustainable mining practices and economic growth in the country. AngloGold Ashanti is implementing a $500 million expansion project to enhance production at the 224,000 ounce-per-annum (koz) Obuasi mine. The mine was placed on limited-operations in 2017, but a redevelopment plan initiated in 2018 breathed new life into the development. Across two phases, AngloGold Ashanti is redeveloping the mine. The project will enable the exploitation of an additional 5.8 million ounces of gold reserves, extending production life at Obuasi with 20 years. Anglogold Ashanti also operates the 268 koz Iduapriem mine in western Ghana. The open-pit operation produces 5.2 million tons per annum, supporting Ghana's position as Africa's top gold producer. In 2023, AngloGold Ashanti and Gold Fields announced plans to create a joint venture between the Iduapriem mine and the Gold Fields-operated Tarkwa mine. Expected to extend the life of mine, increase production while lower costs, the venture is awaiting the requisite government approvals. AngloGold Ashanti's participation at the Mining in Motion 2025 summit will support the company's efforts to increase gold production, providing an opportunity for greater collaboration and deal-signing. Taking place on June 2-4, 2025, in Accra, under the theme Sustainable Mining&Local Growth – Leveraging Resources for Global Growth, the event unites Ghana's policymakers and mining stakeholders with global partners to discuss the future of gold mining. Mining in Motion is organized by the Ashanti Green Initiative in partnership with the World Bank, the World Gold Council and other international stakeholders. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
16-04-2025
- Business
- Zawya
AngloGold Ashanti to Champion Collaborative Mining at Mining in Motion Summit
Stewart Bailey, Chief Corporate Affairs&Sustainability Officer at Anglogold Ashanti, will speak at the upcoming Mining in Motion Summit, joining a high-level panel discussion on Fostering Synergies Between Artisanal and Small-Scale Miners and Large-Scale Miners: Maximizing Gold Value through Collaboration. He will be joined by representatives from the World Gold Council, Newmont Africa, the Ghana National Association of Small-Scale Miners and the ECOWAS Chamber of Mines. The panel will explore strategies for fostering collaboration between small-scale and large-scale miners to unlock greater value and growth in Ghana's gold sector. The discussion comes at a pivotal moment as Ghana works to realize the full potential of its gold industry by promoting infrastructure development and knowledge transfer across mining tiers. Bailey's participation is particularly noteworthy given AngloGold Ashanti's longstanding contributions to Ghana's mining sector and its global experience in gold project development. The company is currently undertaking a multi-phase, $500 million reinvestment strategy to fully restart and optimize production at the Obuasi mine, which holds an estimated 5.8 million ounces of untapped gold reserves. The revitalized project is expected to support a mine life of over 20 years. In western Ghana, AngloGold Ashanti operates the Iduapriem gold mine, a $142 million asset producing approximately 268,000 ounces annually, with a target of unlocking over 2 million ounces in reserves. The company has also proposed a strategic merger of Iduapriem with Gold Fields' Tarkwa Mine to extend mine life, boost production, reduce costs and enhance economic value for Ghana. As Ghana accelerates efforts to expand its gold mining industry, AngloGold Ashanti's presence at the Mining in Motion Summit highlights its commitment to sustainable development, cross-sector collaboration and long-term value creation for both local communities and the national economy. The company's active engagement in high-level dialogue reflects its belief that inclusive partnerships and shared expertise are essential to building a more resilient and responsible mining sector. Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact Sales@ Distributed by APO Group on behalf of Energy Capital&Power.
Forbes
11-04-2025
- Business
- Forbes
Gold Stocks Blast Off As Dollar Drops: 4 Low P/E Miners Hit New Highs
Gold stocks These five gold mining stocks are soaring to new highs as investors look for alternatives to the dollar dropping and to U. S. government bonds sliding. That Trump's tariff policies are creating uncomfortable uncertainties about the economy is now a given among Wall Street investment firms and their customers. Buying of precious metals and related equities is the result. The new 52-week highs in so many gold stocks is a reaction to the possibility of much higher prices thanks to tariffs. The chance of a recession is a major factor. This classic inflation-hedge is showing its strength as confidence in the U. S. dollar dissipates. Anglo Gold Ashanti Anglogold Ashanti daily price chart, 4 11 25. The gap up in price today follows yesterday's new high that broke above the early April peak. The 50-day moving average in mid-February crossed above the 200-day moving average, a signal perhaps of the coming strength. The United Kingdom-based miner with operations around the world has a market capitalization of $21.69 billion. The price earnings ratio is 18.49 at a time when the p/e of the S&P 500 is 32.55. Anglogold Ashanti pays a dividend of 3.99%. DRD Gold DRDGOLD daily price chart, 4 11 25. Today's new high takes out the earlier-in-the-month high and keeps the 50-day moving average trending upward. The 200-day moving average trends higher as well. From the September low of near $7.50 to the present $16 amounts to more than a double for those who bought then and held. DRDGOLD has a market cap of $1.39 billion. The price-earnings ratio is 14.91. The company has no debt, long-term or otherwise. This year's earnings are up 37.96% and up over the past five years by 150.85%. The South African miner offers investors a 1.90% dividend. Eldorado Gold Eldorado Gold daily price chart, 4 11 25. The gap up in price today takes it to above the previous high from mid-October 2024, a clear sign of strong new interest. Both the 50-day moving average and the 200-day moving average have turned upward. The stock now trades well above both of those measures. Headquartered in Vancouver, British Columbia, Eldorado Gold has a market cap of $3.96 billion. It trades with a price-earnings ratio of 13.68 and at just 1.01 times book value. The debt-to-equity ratio is .24. The company does not pay a dividend. Iamgold IAMGOLD daily price chart, 4 11 25. Today's 6.25% gain comes on top of yesterday's breakout above the early to mid-February highs. The 50-day moving average has remained above the 200-day moving average for the whole chart period. From the August 2024 low of near $3.40 to the current $7.31 amounts to more than a double. This Canadian-based miner has a market cap of $4.18 billion. The price-earnings ratio is 5.01 and it trades at 1.25 times book. The debt-to-equity ratio is .35. Eldorado Gold does not pay a dividend. The U. S. Dollar US Dollar daily price chart, 4 11 25. Today's slide takes the dollar to a new low. It's taken out the late September 2024 lows, a former support level for the currency. It looks as if the 50-day moving average may cross below the 200-day moving average in what would amount to a serious trend reversal. Stats courtesy of Charts. Courtesy of More analysis and commentary at
