AngloGold Ashanti stock falls after BMO Capital downgrade

AngloGold Ashanti's shares fell 4.4% after BMO downgraded the stock to Market Perform, citing a premium valuation. The company missed Q2 2026 earnings and revenue estimates, though free cash flow and EBITDA improved. Broader market declines and a cooling gold price also pressured the stock, which hit a session low of $102.10.

AngloGold Ashanti (AU) reported a significant year-on-year EBITDA increase to US$4.30 billion in H1 2026, driven by higher metal prices and cost efficiencies. The company maintained its full-year production guidance, suggesting its cost-efficiency program is offsetting operational setbacks. AU also proposed a US$2.0 billion share repurchase program, pending approval. Analysts project varying revenue and earnings forecasts for 2029, with some optimistic views and others cautioning about cost pres

AngloGold Ashanti ADR fell 4.9% to $106.82 in pre-market trading due to a sharp decline in gold prices, driven by hawkish remarks from Fed Chair Kevin Warsh. Rising rate hike expectations reduced gold's appeal, and the stock's recent surge left it vulnerable to profit-taking. Analysts' consensus price target is around $113, and broader market pressures also contributed to the decline.

Federal Reserve Chair Kevin Warsh's hawkish remarks on inflation caused a sharp decline in precious metals mining stocks. First Majestic Silver (AG) led the drop, falling 5.09%, while other miners like AngloGold Ashanti (AU) and Barrick Mining (B) also saw significant decreases. Warsh's comments pushed up interest-rate expectations, increasing the opportunity cost of holding non-yielding assets like gold and silver.

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

AngloGold Ashanti (AU) fell 4.2% as gold prices cooled and investors reacted to its Q2 update, showing lower production and higher costs. The company reaffirmed 2026 guidance and declared a dividend. Analysts' price targets range from $110 to $133.