Freedom Broker Raises AU Price Target to $111.50

On October 22, 2026, Freedom Broker reaffirmed its Buy rating on AngloGold Ashanti plc (NYSE:AU) and raised its price target from $107 to $111.50. The research note arrived as the gold miner's shares traded around $86.73.

AU AngloGold Ashanti plc

$91.49 ▲ +10.70% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Freedom Broker's Call on AngloGold Ashanti

In its research update on October 22, 2026, Freedom Broker kept a positive stance on the stock with a Buy rating while lifting its target price to $111.50 from $107. The firm's forward-looking opinion highlights confidence in the basic materials company even as it trades below several historical moving averages.

Other Institutional Activity in AngloGold Ashanti

Institutional investors have adjusted their holdings in the gold mining company significantly in recent weeks. Ninety One UK closed out its position by selling 2,017,862 shares, leaving it with 0 shares worth $0 in a filing on October 15, 2026. Carrhae Capital also exited its position by selling all 756,610 shares on October 20, 2026. On the other hand, Euro Pacific Asset Management grew its holdings by 12,051 shares, ending with 285,337 shares worth about $32,039,359 on October 13, 2026. Van Eck Associates Corporation reduced its stake by 708,465 shares, finishing with 18,033,983 shares valued at about $1,536,315,055 on June 30, 2026. Meanwhile, Ninety One SA (PTY) Ltd lifted its stake by 203,745 shares, ending with 11,398,551 shares worth about $971,042,587 on September 30, 2026.

AngloGold Ashanti plc Stock Down 5.2%

AngloGold Ashanti shares recently traded around $86.73 as of October 22, 2026, after closing at $85.19 on the day of Freedom Broker's note. The stock sits below its 50-day moving average of $101.60 and its 200-day moving average of $97.15. The shares trade well off their 52-week high of $129.14 while holding above their 52-week low of $62.55.

Recent Earnings

AngloGold Ashanti reported trailing twelve month revenue of $11,825,000,448 alongside trailing earnings per share of $7.46. The company posts a net margin of 32.2% and a return on equity of 44.7%. Its next earnings report is scheduled for November 5, 2026.

Dividend

The company offers an annual dividend rate of $4.52 per share, giving it a dividend yield of 4.98% based on a payout ratio of 61.7%.

Insider Buying and Selling at AngloGold Ashanti plc

Director Kojo Osei Frimpong Busia sold 400 shares on May 19, 2026, at an average price of $89.09 for a total value of $35,637.

Analysts Set New Price Targets

Wall Street firms continue to update their views on the gold producer. On September 10, 2026, BMO Capital downgraded the stock to Market Perform with a $115 price target. Later, on September 15, 2026, JP Morgan maintained its Overweight rating and raised its target from $134 to $140. RBC Capital followed on September 16, 2026, by maintaining an Outperform rating and lifting its target from $111 to $119. Goldman Sachs initiated coverage with a Buy rating and a $104 price target on October 15, 2026. Across the broader analyst community, the stock holds a consensus Buy recommendation from 8 analysts with a mean price target of $116.38.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company exploring for precious metals and by-products across Africa, Australia, and the Americas. Headquartered in Greenwood Village, Colorado, the firm manages major operations including the Geita mine in Tanzania. As gold prices fluctuate, institutional and analyst sentiment remains a key focus for investors tracking the basic materials sector.

Bottom Line

Freedom Broker's updated price target offers a fresh look at AngloGold Ashanti as the company heads toward its next earnings release on November 5, 2026. Investors will watch to see if upcoming financial results help bridge the gap between the current share price and Wall Street expectations.