AngloGold Ashanti (AU) Listed on Russell 3000 after Blockbuster Rally

AngloGold Ashanti plc (NYSE:AU) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 30, the stock was added to the Russell 3,000 index. The addition is a significant milestone, as it comes on the stock, demonstrating strong momentum with a 93% price gain over the last six months.

A close-up of the company’s gold bars and certificates of authenticity, lit up by a spotlight.

According to Chief Executive Officer Alberto Calderon, the addition will help enhance the company’s exposure and liquidity. The inclusion is also expected to unlock significant long-term value.

Inclusion in the Russell 3000 follows listing in the New York Stock Exchange in 2023. AngloGold Ashanti is also listed on the Johannesburg Stock Exchange. Listing on The Russell comes on the heels of the company inking a deal to sell its interest in the Mineração Serra Grande mine (“MSG”) to Aura Minerals. The sale is part of the company’s push to optimize its portfolio.

AngloGold Ashanti plc (NYSE:AU) is a global gold mining company involved in the exploration, extraction, and processing of gold. It boasts a geographically diverse portfolio of operations and projects, including those in countries such as Argentina, Australia, Brazil, and the Democratic Republic of the Congo.

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