Yahoo Financeยท2025-10-28 10:59Company Overview - AngloGold Ashanti produced 2.66 million ounces of gold and 3.75 million ounces of silver in 2024, with significant operations in Africa employing nearly 28,000 people [1][2] - The company ranks 8 by market cap at $34.6 billion, 7 by revenue at $7.64 billion, and 4 by earnings at $3.02 billion over the last four quarters [2] Production and Operations - African operations produced 1.56 million ounces of gold last year and hold a mineral reserve of over 20 million ounces [1] - Australian operations generated 572,000 ounces of gold with reserves of 2.32 million ounces, employing over 1,700 workers [7] - In the Americas, AngloGold Ashanti produced 526,000 ounces of gold from three active mines, with a reserve of 6.3 million ounces [7] Financial Performance - In Q2 2025, the company reported sales of $2.44 billion, a 77% year-over-year increase, and a non-GAAP EPS of $1.25, more than double the previous year [9] - Free cash flow reached $535 million in Q2 2025, a 149% year-over-year increase [9] Dividend and Shareholder Returns - The company declared an interim dividend of 80 cents per share for Q2, supporting its dividend policy [10] - Analysts forecast a return of approximately 4% of market cap by February 2026 based on free cash flow [11] Analyst Ratings and Market Outlook - Patrick Jones from J.P. Morgan rates AngloGold Ashanti as a Top Pick, with a price target of $128, suggesting an 87% upside potential [12] - The consensus rating for AngloGold Ashanti is Moderate Buy, with an average price target of $80.56, indicating a 17.5% potential gain [12] Industry Context - Demand for gold has increased due to fiscal deficits, geopolitical risks, and currency stability concerns, with central banks accumulating bullion [5] - J.P. Morgan's Natasha Kaneva remains bullish on gold, projecting prices to rise from $4,131 per ounce to $5,055 by Q4 2026 [4]