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Scotiabank Raises its Price Target on AngloGold Ashanti plc (AU) to $134 and Maintains an Outperform Rating

AngloGold Ashanti plc (NYSE:AU) is among the 10 Must-Buy Mining Stocks to Invest In.

On February 25, 2026, Scotiabank analyst Tanya Jakusconek raised the firm’s price target on AngloGold Ashanti to $134 from $131 and maintained an Outperform rating. The firm updated its models for Gold & Precious Minerals stocks under its coverage, noting that AngloGold Ashanti has made progress on permitting in Nevada, initiated a feasibility study at Arthur Gold, and provided updates across several assets.

The same day, JPMorgan analyst Patrick Jones raised the firm’s price target on AngloGold Ashanti to $164 from $131 and kept an Overweight rating on the shares.

On February 20, 2026, Roth Capital raised its price target on AngloGold Ashanti to $122 from $92 and reiterated a Buy rating. The firm said the company’s Q4 results were mixed relative to its estimates but highlighted strong free cash flow generation and a higher-than-expected quarterly dividend. Roth added that AngloGold Ashanti continues to offer investors a strong portfolio of assets, robust free cash flow, dividends, and leverage to higher gold prices.

Also on February 20, 2026, AngloGold Ashanti reported that free cash flow tripled to a record $2.9 billion in 2025 as adjusted EBITDA more than doubled to $6.3 billion. Gold production increased 16%, while total cash costs and all-in sustaining costs were flat in real terms. The company reported adjusted net cash of $879 million and declared a Q4 interim dividend of $875 million, or 173 cents per share, bringing total dividends declared for 2025 to $1.8 billion, or 357 cents per share.AngloGold Ashanti plc (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.

AngloGold Ashanti plc (NYSE:AU) is a gold mining company with operations across Africa, Australia, and the Americas. The company primarily explores for and produces gold, along with by-products such as silver and sulphuric acid.

While we acknowledge the potential of AU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AU and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Tech Stocks that Beat Earnings Estimates and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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