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AngloGold Ashanti Gains as Strong Q2 Cash Flow, Higher Dividend, and Buyback Plan Support Shares

AngloGold Ashanti (AU) is up 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a positive read-through from AngloGold Ashanti’s late-July second-quarter update, which showed sharply higher earnings, strong free cash flow, and larger shareholder returns. The move also makes sense in the context of a gold miner benefiting from elevated realized gold prices, even though production was lower year over year.

Details:

  • The company’s Q2 2026 headline earnings rose 58% year over year to $1.0 billion, while EBITDA increased 46% to $2.0 billion.
  • Free cash flow climbed 36% to $727 million in the quarter, helping AngloGold Ashanti end the first half with a net cash position of $991 million.
  • Management declared a Q2 dividend of 72 cents per share, taking first-half declared dividends to 188 cents per share, well above the prior-year level.
  • Shareholders also approved a proposed $2.0 billion share repurchase program, and the company kept its 2026 guidance unchanged while expecting production to be more heavily weighted to the second half.
  • Sources:

    AngloGold Ashanti, SEC, Euronext

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AU Insider Trading Activity

    AU Insider Trades

    $AU insiders have traded $AU stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $AU stock by insiders over the last 6 months:

    • KOJO OSEI FRIMPONG BUSIA sold 400 shares for an estimated $35,637

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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    $AU Hedge Fund Activity

    We have seen 288 institutional investors add shares of $AU stock to their portfolio, and 235 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • NINETY ONE SA (PTY) LTD removed 4,106,931 shares (-26.8%) from their portfolio in Q2 2026, for an estimated $332,209,648
    • BLACKROCK, INC. added 3,747,514 shares (+14.1%) to their portfolio in Q1 2026, for an estimated $360,154,832
    • ROYAL BANK OF CANADA added 3,026,730 shares (+570.3%) to their portfolio in Q1 2026, for an estimated $290,883,886
    • FMR LLC added 2,323,890 shares (+14.4%) to their portfolio in Q1 2026, for an estimated $223,337,448
    • ACADIAN ASSET MANAGEMENT LLC removed 1,515,599 shares (-32.9%) from their portfolio in Q1 2026, for an estimated $145,656,641
    • GEODE CAPITAL MANAGEMENT, LLC added 1,017,529 shares (+21.7%) to their portfolio in Q1 2026, for an estimated $97,789,624
    • FIL LTD added 922,895 shares (+49.2%) to their portfolio in Q1 2026, for an estimated $88,694,823

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $AU Price Targets

    Multiple analysts have issued price targets for $AU recently. We have seen 5 analysts offer price targets for $AU in the last 6 months, with a median target of $114.0.

    Here are some recent targets:

    • Josh Wolfson from RBC Capital set a target price of $111.0 on 07/09/2026
    • Vitaly Kononov from Freedom Broker set a target price of $114.0 on 06/26/2026
    • Joe Reagor from Roth Capital set a target price of $110.0 on 06/24/2026
    • Ephrem Ravi from Citigroup set a target price of $130.0 on 06/09/2026
    • Tanya Jakusconek from Scotiabank set a target price of $133.0 on 03/20/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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