Roth Capital Rates AngloGold Ashanti (AU) buy, $110 Price Target

Roth Capital analyst Joe Reagor reaffirmed a positive outlook on AngloGold Ashanti plc (NYSE: AU) on June 24, 2026. The firm reiterated its Buy rating and kept its price target at $110.00. This call comes as the gold mining sector faces shifting sentiment, though Roth Capital appears confident in the company's ability to reach higher valuation levels compared to its current trading price.

The $110.00 target from Roth Capital sits at the more conservative end of recent Wall Street updates, but it still suggests plenty of room for growth. On October 15, 2026, Goldman Sachs started coverage on the stock with a Buy rating and a $104.00 target. Other firms have been more aggressive; JP Morgan maintained an Overweight rating on September 15, 2026, with a high-water mark target of $140.00, up from a previous $134.00. Meanwhile, RBC Capital lifted its target to $119.00 on September 16, 2026. BMO Capital was the outlier among recent moves, lowering its stance to Market Perform on September 10, 2026, while keeping a $115.00 price target. Currently, eight analysts follow the stock, providing a consensus Buy recommendation and an average price target of $116.88.

On Wednesday, shares of AngloGold Ashanti were priced at $79.34. The stock has experienced some pressure recently, trading below its 50-day moving average of $96.43 and its 200-day moving average of $96.21. For investors looking at value, the company currently has a price-to-earnings (P/E) ratio of 13.7. Looking ahead, the forward P/E is even lower at 10.2, which measures the current price against estimated future earnings. The stock has traded between $62.55 and $129.14 over the past year.

Recent Earnings

In its latest financial reporting, AngloGold Ashanti delivered revenue of $11.83 billion. The company saw its top line grow by 27% compared to the prior period. Profitability remains a highlight, as the miner reported earnings per share of $7.46 and a net margin of 32.2%. The company also generated a return on equity of 44.7%, showing how efficiently it is using shareholder capital to generate profits. Investors are looking toward November 5, 2026, when the company is expected to release its next set of financial results.

Dividend

AngloGold Ashanti continues to return cash to its investors through a steady dividend. The company pays an annual dividend rate of $4.52 per share, which currently translates to a yield of 4.38%. The payout ratio is 61.7%, meaning the company uses a little over 60% of its earnings to cover these payments to shareholders.

Global Mining Operations

AngloGold Ashanti is a major player in the global gold market, running mining operations across Africa, Australia, and the Americas. While gold is the primary focus, the company also produces silver and sulphuric acid as by-products of its mining work. Its largest project is the Geita mine in Tanzania, though the company is headquartered in Greenwood Village, Colorado. The firm employs roughly 38,000 people to manage its extensive exploration and production portfolio.

What to Watch

The reiteration from Roth Capital suggests that despite recent price fluctuations, the fundamental case for the miner remains intact for many analysts. The gap between the current $79.34 price and the $116.88 average analyst target will likely be a focal point for investors as the November earnings date approaches. As always, analyst ratings are opinions based on specific points in time and do not guarantee future stock performance.