Roth Capital Boosts AngloGold Ashanti Target to $122 on $2.9B Cash Flow
Roth Capital upgraded AngloGold Ashanti to Buy and lifted its price target from $92 to $122 after the company posted record 2025 free cash flow of $2.9 billion. The miner also declared an interim Q4 dividend of $875 million, bringing 2025 total payouts to $1.8 billion.
1. Company Upgrade and Price Target Increase
Roth Capital upgraded AngloGold Ashanti to Buy on February 20 and raised its price target from $92 to $122, citing robust operational performance and financial improvements.
2. Record Free Cash Flow
AngloGold Ashanti generated record free cash flow of $2.9 billion in 2025, driven by strong production growth and disciplined cost management.
3. Dividend Payouts
The company declared an interim dividend of $875 million for Q4 2025, lifting its total annual dividend payout to $1.8 billion, the highest in its history.
4. Stock Performance and Market Metrics
Following the upgrade, the stock rose 6.14%, adding $6.61 to close around $114.24, with a market capitalization of $57.68 billion and daily volume of 2.3 million shares; the one-year high stands at $115.81.