Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
AngloGold Ashanti Ltd ADR stock has achieved an all-time high, reaching a price of 67.68 USD. This milestone reflects a significant upward trend for the company, as its stock price has surged by an impressive 140.1% over the past year. With a market capitalization of $32.61 billion and a remarkable year-to-date return of 191%, the company’s momentum is noteworthy. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The mining giant’s recent performance underscores a period of robust growth and investor confidence, driven by favorable market conditions and strategic initiatives. The company maintains a strong financial position with a healthy current ratio of 2.99 and impressive revenue growth of 54.59%. As the stock hits this new peak, stakeholders are closely monitoring the factors contributing to AngloGold Ashanti’s sustained momentum in the market. InvestingPro subscribers can access 14 additional investment tips and comprehensive financial metrics to make informed decisions about this gold mining leader.
In other recent news, Wheaton Precious Metals and other gold mining companies experienced gains in premarket trading following the announcement of new U.S. tariffs on certain gold bars. Barrick Mining saw a 1.5% increase, while OR Royalties rose by 1.1%. Newmont reported a 1% gain, and both Agnico Eagle Mines and Kinross increased by 0.7%. This development comes as U.S. officials confirmed the reciprocal tariffs under President Donald Trump’s administration. The VanEck Gold Miners ETF also advanced by 1.25%. These changes reflect the market’s reaction to the tariff announcement, impacting the precious metals sector.
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