Roth MKM Raises AngloGold Ashanti (AU) PT to $92 on Bullish 2026 Gold Forecast

AngloGold Ashanti (NYSE:AU) is one of the hottest large-cap stocks of 2025. On December 15, Roth Capital raised the firm’s price target on AngloGold Ashanti to $92 from $84 and kept a Buy rating on the shares. Analysts at Roth MKM are boosting their price targets for gold and silver to keep pace with the rapidly evolving market. The firm now projects that gold will reach $4,125 and silver $56.25 by 2026, which is a massive jump from their previous estimates.

On December 10, Citi also raised the firm’s price target on AngloGold Ashanti (NYSE:AU) to $105 from $90 and maintained a Buy rating on the shares.

Roth MKM Raises AngloGold Ashanti (AU) PT to $92 on Bullish 2026 Gold Forecast

In Q3 2025, AngloGold Ashanti reported a 141% year-on-year surge in free cash flow, which reached $920 million for the quarter, nearly matching the total free cash flow generated during the entire 2024. Total revenue recorded in the quarter was $2.37 billion, while EPS stood at $1.32. Operational performance saw a 17% increase in gold production, totaling 768,000 ounces for the quarter compared to 657,000 ounces in Q3 2024.

This growth was largely driven by the successful integration of the Sukari mine in Egypt and a 30% production increase at Obuasi in Ghana. Additionally, Kibali saw a 21% rise in output, while Geita and Cuiabá both posted 6% increases. These gains helped offset lower production in Australia and temporary stoppages at the Siguiri plant.

AngloGold Ashanti (NYSE:AU) operates as a gold mining company in Africa, Australia, and the Americas. It primarily explores for gold, as well as by-products, including silver and sulphuric acid.

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Disclosure: None. This article is originally published at Insider Monkey.