AngloGold Ashanti slides as gold prices retreat and traders lock in gains after a strong Q1 update

AngloGold Ashanti plc (AU) is down 9.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks primarily tied to a sharp pullback in gold and broader precious-metals weakness, which often hits gold miners harder than bullion due to operating leverage. The drop may also reflect profit-taking after AngloGold’s strong Q1 cash-flow update and increased shareholder-return plans earlier in May.

Details:

Gold fell more than 2% in global trading as U.S. Treasury yields and the U.S. dollar strengthened, reducing demand for non-yielding assets like gold.

Silver dropped sharply on the same day, reinforcing a risk-off move across precious metals and pressuring sentiment toward mining equities.

AngloGold’s Q1 2026 release highlighted record free cash flow of $1.2 billion and announced a proposed share repurchase programme of up to $2.0 billion, which can set up a “sell the news” reaction after an initial rally.

The company also disclosed a fatal contractor incident at the Obuasi mine occurring after quarter-end (April 24, 2026), which may have added incremental headline risk for some investors.

Sources:

AngloGold Ashanti (investor earnings release), MarketScreener, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$AU Hedge Fund Activity

We have seen 317 institutional investors add shares of $AU stock to their portfolio, and 233 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,747,514 shares (+14.1%) to their portfolio in Q1 2026, for an estimated $360,154,832
NORGES BANK added 3,317,494 shares (+203.1%) to their portfolio in Q4 2025, for an estimated $282,915,888
FMR LLC added 2,323,890 shares (+14.4%) to their portfolio in Q1 2026, for an estimated $223,337,448
AQR CAPITAL MANAGEMENT LLC added 2,042,357 shares (+5109.9%) to their portfolio in Q4 2025, for an estimated $174,172,204
ACADIAN ASSET MANAGEMENT LLC removed 1,515,599 shares (-32.9%) from their portfolio in Q1 2026, for an estimated $145,656,641
LOS ANGELES CAPITAL MANAGEMENT LLC removed 1,430,252 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $121,971,890
GEODE CAPITAL MANAGEMENT, LLC added 1,017,529 shares (+21.7%) to their portfolio in Q1 2026, for an estimated $97,789,624

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AU Analyst Ratings

Wall Street analysts have issued reports on $AU in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/20/2026
JP Morgan issued a "Overweight" rating on 12/03/2025

To track analyst ratings and price targets for $AU, check out Quiver Quantitative's $AU forecast page.

$AU Price Targets

Multiple analysts have issued price targets for $AU recently. We have seen 4 analysts offer price targets for $AU in the last 6 months, with a median target of $125.5.

Here are some recent targets:

Tanya Jakusconek from Scotiabank set a target price of $133.0 on 03/20/2026
Ephrem Ravi from Citigroup set a target price of $120.0 on 01/20/2026
Joe Reagor from Roth Capital set a target price of $92.0 on 12/15/2025
Patrick Jones from JP Morgan set a target price of $131.0 on 12/03/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.