Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
AngloGold Ashanti Ltd ADR reached an all-time high, with its stock price climbing to 74.7 USD, representing a market capitalization of $37.6 billion. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. This milestone reflects a significant upward trend for the company, which has seen its stock value rise dramatically over the past year. With a remarkable YTD return of 230.3% and impressive revenue growth of 54.6%, AngloGold Ashanti’s performance underscores strong investor confidence and favorable market conditions for the gold mining sector. The company maintains a healthy dividend yield of 4.36% and operates with a moderate P/E ratio of 19.6x. The company’s stock has consistently outperformed expectations, driven by robust gold prices and strategic operational improvements. InvestingPro analysis reveals 15 additional bullish indicators for the stock, including strong financial health metrics and positive growth forecasts. Subscribers can access detailed valuation models and comprehensive financial analysis.
In other recent news, AngloGold Ashanti announced plans to begin drilling at the Organullo Gold Project in Salta Province, Argentina. This Phase I program will consist of 10 drill holes totaling approximately 6,000 meters, with results expected in the first quarter of 2026. AngloGold Argentina Exploraciones, a subsidiary of AngloGold Ashanti, is exercising its option to earn up to an 80% interest in the Organullo, Ana Maria, and Trigal Gold projects. In related developments, gold mining stocks saw an uptick following U.S. officials’ confirmation that certain gold bars would be subject to reciprocal tariffs. Shares of Wheaton Precious Metals led the sector with a 2% gain, while Barrick Mining and OR Royalties also experienced increases. Newmont, Agnico Eagle Mines, and Kinross all saw moderate gains as well. These developments highlight ongoing activities and market reactions within the precious metals sector.
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