Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
AngloGold Ashanti Ltd ADR has reached an all-time high, with its stock price climbing to 70.13 USD. According to InvestingPro data, the company now commands a market capitalization of $35.36 billion and currently appears to be trading slightly above its Fair Value. This milestone underscores a significant upward trend, as the company’s stock has experienced a remarkable 156.48% increase over the past year, with an even more impressive 207.7% gain year-to-date. The surge reflects investor confidence and favorable market conditions, supported by the company’s GREAT financial health score and strong liquidity position with a current ratio of 2.99. The company’s robust performance in the gold mining sector has captured the attention of market analysts and investors alike. InvestingPro subscribers can access 12 additional investment tips and detailed financial metrics for AngloGold Ashanti.
In other recent news, AngloGold Ashanti announced plans to begin drilling at the Organullo Gold Project in Salta Province, Argentina. This drilling initiative is part of a Phase I program that will include 10 drill holes covering approximately 6,000 meters, with initial results anticipated in the first quarter of 2026. AngloGold Argentina Exploraciones S.A., a subsidiary of AngloGold Ashanti, is exercising its option to earn up to an 80% interest in several of Latin Metals’ projects, including Organullo. Additionally, precious metals stocks saw a rise after U.S. officials confirmed that certain gold bars would be subject to reciprocal tariffs. Wheaton Precious Metals led the sector with a notable gain, followed by increases in shares of Barrick Mining, OR Royalties, and Newmont. Agnico Eagle Mines and Kinross also saw modest gains. These developments reflect ongoing activity and interest in the precious metals sector.
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