• BMO Capital initiated coverage on AngloGold Ashanti PLC (NYSE: AU) with an "Outperform" rating, highlighting confidence in the company's growth prospects.
• The acquisition of Augusta Gold Corp. is expected to strengthen AngloGold Ashanti's portfolio and contribute to its long-term expansion strategy.
• AngloGold Ashanti's stock performance has significantly outperformed the Basic Materials sector and the S&P 500, with expectations of substantial year-over-year earnings growth.

AngloGold Ashanti PLC (NYSE: AU) is a leading global gold mining company with a diverse portfolio of operations and projects across four continents. The company is committed to sustainable mining practices and is actively pursuing growth strategies to enhance its market position. AngloGold Ashanti's competitors include major players like Barrick Gold and Newmont Corporation.

On January 30, 2026, BMO Capital initiated coverage on AU with an "Outperform" rating, reflecting confidence in the company's growth prospects. At the time, AU's stock price was $107.02. This positive outlook aligns with AngloGold Ashanti's strategic initiatives, including its recent acquisition of Augusta Gold Corp., which strengthens its presence in Nevada's Beatty District.

The acquisition of Augusta Gold Corp. is a significant move for AngloGold Ashanti, as it includes the Reward project, a construction-ready and feasibility-stage project. This acquisition is expected to bolster the company's portfolio and contribute to its long-term expansion strategy. Additionally, AngloGold Ashanti is focusing on brownfields exploration to extend the life of its existing mines, such as Geita and Sukari.

AngloGold Ashanti's stock performance has been impressive, with a recent closing price of $109.44, marking a 1.25% increase from the previous day. This performance outpaced the S&P 500's daily gain of 0.41%. Over the past month, AU's shares have surged by 27.25%, significantly outperforming the Basic Materials sector's gain of 9.68% and the S&P 500's gain of 0.38%.

Investors are eagerly awaiting AngloGold Ashanti's upcoming earnings report, with expectations of earnings per share of $1.9, reflecting a substantial year-over-year growth of 113.48%. The consensus estimate forecasts revenue of $3.03 billion, representing a 73.03% increase from the same quarter last year. Despite a recent downgrade by Zacks Research, other analysts remain optimistic, with Scotiabank raising their target price and Wall Street Zen upgrading the stock to a "buy" rating.