Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

In the latest trading session, AngloGold Ashanti (AU) closed at $45.87, marking a +1.68% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.27%. Shares of the gold miner have appreciated by 9.46% over the course of the past month, outperforming the Basic Materials sector's gain of 4.76%, and the S&P 500's gain of 6.9%.Analysts and investors alike will be keeping a close eye on the performance of AngloGold Ashanti in its upcoming earnings disclosure. Looking at the full year, the Za ...

Core Viewpoint - AngloGold Ashanti plc has reached a new 52-week high of $47.77 following the announcement of the sale of its interest in the Mineração Serra Grande mine to Aura Minerals Inc, which is aimed at optimizing its portfolio [1]. Financial Details of the Deal - The sale of Mineração Serra Grande S.A. to Aura will be for a cash consideration of $76 million, subject to working capital adjustments at closing. Additionally, AngloGold Ashanti will receive deferred payments equivalent to a 3% net smelter returns royalty on the mine's current mineral resources [2][7]. Strategic Decision - The MSG mine, located in Goiás, includes three mechanized underground mines and an open pit, with a dedicated metallurgical plant having an annual capacity of 1.5 million tons. Recent priorities have included stabilizing operations and decommissioning the legacy tailings storage facility [3]. Production and Cost Analysis - The MSG mine produced 80,000 ounces of gold in 2024 and 86,000 ounces in 2023. It is characterized as one of AngloGold Ashanti's higher-cost and lower-production operations, and the sale is expected to enhance capital allocation and operational efficiencies [4][7]. Transaction Details - The transaction will exclude subsidiaries of Mineração Serra Grande S.A. that hold non-core assets, which will be retained by AngloGold Ashanti and transferred out through a spin-off before closing. The deal is anticipated to close in the third quarter of 2025, pending closing conditions [5]. Stock Performance - AngloGold Ashanti's shares have increased by 100.6% over the past year, significantly outperforming the industry average growth of 42.9% [6].

Group 1 - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1][2] - Value investing is a preferred strategy for finding strong stocks, relying on traditional analysis of key valuation metrics to identify undervalued stocks [2] - The Style Scores system allows investors to find stocks with specific traits, particularly in the "Value" category, where stocks with "A" grades and high Zacks Ranks are considered top value stocks [3] Group 2 - AngloGold Ashanti PLC (AU) is currently rated as a 1 (Strong Buy) by Zacks and has a Value grade of A, with a P/E ratio of 9.95 compared to the industry average of 13.67 [4] - The P/S ratio for AU is 2.79, which is lower than the industry's average P/S of 3.25, indicating potential undervaluation [5] - Overall, AU is highlighted as likely undervalued based on its earnings outlook and valuation metrics, making it one of the strongest value stocks in the market [6]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: AngloGold Ashanti (AU) - AngloGold Ashanti currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance in the market [3][4]. - The stock has shown significant price increases, with a rise of 49.14% over the past quarter and 81.24% over the last year, compared to the S&P 500's movements of -2.26% and 10.82% respectively [7]. Price Performance - Over the past week, AU shares increased by 8.1%, outperforming the Zacks Mining - Gold industry, which rose by 7.12% during the same period [6]. - The monthly price change for AU is 6.79%, significantly higher than the industry's performance of 1.9% [6]. Trading Volume - AU's average 20-day trading volume is 2,791,248 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, two earnings estimates for AU have been revised upwards, with the consensus estimate increasing from $2.49 to $4.31 [10]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [10]. Conclusion - Given the strong momentum indicators and positive earnings outlook, AU is positioned as a promising investment opportunity [12].

Industry Overview - Gold mining stocks have seen a significant rise in valuation due to a surge in gold prices, which reached $3,336.43/ounce on May 21, driven by concerns over U.S. government debt, weak demand for long-term treasury bonds, and a declining U.S. dollar [1][3] - Historically, gold prices rally when bonds become less attractive, particularly in low-interest-rate environments, making gold a preferred investment option [2] - Geopolitical tensions and fiscal uncertainties are prompting investors to seek safe-haven assets like gold, with eroding confidence in the U.S. administration's fiscal and monetary policy contributing to gold's upward movement [3][5] Market Sentiment - Market participants are optimistic about the gold sector, with firms like Goldman Sachs and JP Morgan forecasting gold prices could reach $4,000/ounce by 2026, indicating continued bullish momentum [4] - Gold has gained 27% so far in 2025, making it one of the best-performing assets [4] Company Performance - AngloGold Ashanti plc (AU) has an expected earnings growth rate of 57.5%, with a Zacks Consensus Estimate for current-year earnings improving by 39.8% over the past 60 days, holding a Zacks Rank 1 and a VGM Score of B [8] - Newmont Corporation (NEM) has an expected earnings growth rate of 12.6%, with a Zacks Consensus Estimate improving by 25.2% over the past 60 days, also holding a Zacks Rank 1 and a VGM Score of A [9] - Gold Fields Limited (GFI) has an expected earnings growth rate of 50.8%, with a Zacks Consensus Estimate improving by 7.6% over the past 60 days, maintaining a Zacks Rank 1 and a VGM Score of B [10] - B2Gold Corp. (BTG) has an expected earnings growth rate of 231.3%, with a Zacks Consensus Estimate improving by 35.9% over the past 60 days, holding a Zacks Rank 2 and a VGM Score of A [11]

Core Viewpoint - AngloGold Ashanti PLC (AU) is positioned as an attractive investment opportunity due to its strong financial performance, competitive valuation, and growth prospects in the gold mining sector [6][27]. Valuation and Performance - AU stock is trading at a forward price/earnings ratio of 11.42X, which is approximately 16% lower than the Zacks Mining – Gold industry's average of 14.27X [1]. - The stock has appreciated 85.9% year to date, outperforming the industry's gain of 39.1% [7]. - Compared to peers like Newmont Corporation, Agnico Eagle Mines, and Kinross Gold, AU remains attractively priced [3][7]. Financial and Operational Results - In Q1 2025, AU reported earnings per share of 88 cents, a 529% increase year over year, driven by higher gold production and prices [9]. - Gold production rose by 22% to 720,000 ounces, marking the strongest first-quarter performance since 2020 [10]. - Adjusted EBITDA increased 158% year over year to $1.12 billion [11]. - Free cash flow surged to $403 million from $57 million in the previous year [15]. Debt and Liquidity - Adjusted net debt decreased to $525 million from $1.322 billion year over year, improving the adjusted net debt to adjusted EBITDA ratio to 0.15X [15]. - AU ended Q1 2025 with $3 billion in liquidity, including $1.5 billion in cash and cash equivalents [16]. Gold Price Trends - Gold prices have increased by 23.5% year to date, currently above $3,220 per ounce, driven by geopolitical uncertainties and safe-haven demand [17]. - The favorable environment for gold prices is expected to continue, benefiting AU's profitability [17]. Strategic Growth Initiatives - AU is focused on organic and inorganic growth, including the acquisition of Centamin, which adds significant production capacity [18]. - The company aims to enhance production at its Obuasi mine and improve mining volumes at Siguiri [20][21]. Earnings Estimates and Dividend Policy - The Zacks Consensus Estimate for AU's 2025 sales is $8.58 billion, indicating a 48.2% year-over-year growth [23]. - Under its new dividend policy, AU plans to return 50% of its annual free cash flow, with a current dividend yield of 3.27%, higher than the industry average of 1.64% [26]. Investment Outlook - The combination of rising earnings estimates, strong financial health, and an industry-leading dividend yield makes AU a compelling investment case [27][28].

Group 1 - The article emphasizes the importance of protecting investments, particularly in the Mining and Real Estate sectors [1] - The author expresses a personal investment outlook focused on seeking alpha, indicating a proactive approach to investment strategies [1] Group 2 - There is a disclosure stating that the author does not hold any positions in the mentioned companies but may initiate a long position in the near future [2] - The article clarifies that it does not provide specific investment recommendations and that past performance is not indicative of future results [3]

09 MAY 2025 Q1 2025 RESULTS MINING TO EMPOWER PEOPLE AND ADVANCE SOCIETIES NYSE │ JSE │ GSE Obuasi, Ghana INVESTOR NOTE │ DISCLAIMER Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloG ...

Production and Financial Performance - Q1 2025 gold production reached 720,000 oz, an increase of 22% compared to Q1 2024's 591,000 oz[18] - Gold production increased by 22% to 720koz in Q1 2025 compared to Q1 2024, with managed operations showing a 28% increase to 657koz[55] - Average gold price received rose by 39% to $2,874/oz in Q1 2025 from $2,063/oz in Q1 2024[56] - Free cash flow surged to $403 million, a 607% increase from $57 million in Q1 2024[18] - Free cash flow surged by 607% to $403 million in Q1 2025, up from $57 million in Q1 2024[56] - Adjusted EBITDA for Q1 2025 was $1.12 billion, up 158% from $434 million in Q1 2024[18] - Adjusted EBITDA increased by 158% to $1,120 million in Q1 2025 compared to $434 million in Q1 2024[56] - Profit before taxation for Q1 2025 was $729 million, a significant increase from $167 million in Q1 2024[95] - Net cash flow from operating activities reached $725 million in Q1 2025, compared to $252 million in Q1 2024[99] Costs and Expenditures - Total cash costs for managed operations decreased by 2% year-over-year to $1,223/oz, compared to $1,181/oz in Q1 2024[18] - Total cash costs for managed operations were $1,213/oz in Q1 2025, a slight decrease from $1,232/oz in Q1 2024[60] - AISC for managed operations decreased to $1,657/oz in Q1 2025 from $1,692/oz in Q1 2024[60] - Total cash costs for Q1 2025 amounted to $1,230 million, with a total cash cost per ounce of $1,213[93] - The total cash costs for non-managed joint ventures were $1,325/oz in Q1 2025, compared to $831/oz in Q1 2024[19] - The company reported total cash costs for 2025 expected to range from $1,125 to $1,225 per ounce, with total capital expenditure guidance between $1,620 and $1,770 million[71] - Capital expenditure increased by 27% to $336 million in Q1 2025 from $265 million in Q1 2024[56] - Capital expenditure for 2025 is projected to be between $1,620 million and $1,770 million[100] Debt and Liquidity - Adjusted net debt decreased to approximately $525 million, down 60% from $1.32 billion in Q1 2024[18] - Adjusted net debt as of March 2025 was $525 million, down from $1,322 million in March 2024[98] - The adjusted net debt to adjusted EBITA ratio improved to 0.15x in Q1 2025, down from 0.21x in 2024[70] - The adjusted net debt to adjusted EBITDA ratio improved to 0.15 in Q1 2025 from 0.86 in Q1 2024[98] - The company maintains a robust balance sheet with strong liquidity of approximately $3.0 billion[18] - As of March 31, 2025, the liquidity position was robust at $1.458 billion, with a debt maturity schedule indicating low and improving leverage[67] Projects and Future Outlook - The North Bullfrog Project is advancing with a revised ROD date anticipated by the end of 2026, and Phase 1 of detailed engineering expected to be completed in H1 2025[45] - The Tropicana renewable energy project aims to cut carbon emissions by over 65,000 tons annually, integrating 61MW of wind and solar generation[49] - Gold production guidance for 2025 is set between 2,900 and 3,225 koz, with all-in sustaining costs projected at $1,580 to $1,705 per ounce[71] - The outlook for 2026 includes gold production guidance similar to 2025, with costs expected to remain stable[71] - The company is focused on regaining global competitiveness through proven operating models and optimization processes[74] - The company aims to enhance safety and deliver consistent outcomes while focusing on operations and projects to optimize its portfolio[76] Inflation and Economic Factors - The company experienced aggregate inflation of approximately 5% during the quarter[18] - The total cash costs per ounce and all-in sustaining costs per ounce are affected by fluctuations in foreign currency exchange rates, impacting overall financial performance[91] - The average real cash costs for the company were reported at 1%, significantly lower than the peer group average of 20%[79]