AngloGold Ashanti plc (NYSE:AU) is one of the mining stocks with the highest dividends.
The company also continues to return value to shareholders through buybacks. On June 12, Anglogold Ashanti PLC (NYSE:AU) announced it will hold a general shareholders meeting on July 23 to vote on a proposed $2 billion share buyback program. The board approved the share buyback in May, and the program now awaits shareholder approval.
Citi analyst Ephrem Ravi raised the price target on AngloGold Ashanti to $130 from $120, maintaining a Buy rating. Earlier, on May 11, Roth Capital’s Joe Reagor boosted his target to $121 from $103, also reiterating a Buy. Reagor noted that while first‑quarter results were mixed versus expectations, the impact on valuation was limited. The higher target reflected the rebound in gold prices, which continues to strengthen profitability prospects across the gold mining industry. Together, the upgrades highlight growing confidence in AngloGold’s outlook amid supportive commodity trends.
AngloGold Ashanti plc (NYSE:AU) is a leading global gold mining company that operates open-pit and underground mines, as well as surface metallurgical plants, across ten countries. Headquartered in Denver, Colorado, the company produces millions of ounces of gold and silver annually while conducting extensive mineral exploration to support long-term growth.
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