AngloGold Ashanti slides as gold prices retreat to start June

AngloGold Ashanti (AU) is down 5.2% today. Here is some analysis on what might have caused this price movement.

Analysis: AU appears to be moving mainly with the gold price, which fell notably on June 1 as the U.S. dollar firmed and markets repriced the outlook for interest rates amid heightened geopolitical and inflation worries. With the stock having been sensitive to bullion moves after a strong run tied to elevated gold prices, the drop also looks consistent with short-term risk-off positioning in gold-linked equities.

Details:

Gold prices fell on June 1, with spot prices down around 1% in afternoon U.S. trading and U.S. gold futures settling notably lower, alongside a firmer dollar and “higher for longer” rate expectations.

Gold’s decline was framed by markets balancing geopolitical developments, oil-linked inflation concerns, and incoming U.S. labor data later in the week, all of which can pressure non-yielding assets like gold.

In its May 8, 2026 Q1 release, AngloGold highlighted record free cash flow, a record interim dividend, and a proposed share repurchase program—context that can amplify profit-taking when bullion weakens.

Sources:

MarketScreener, USAGOLD, AngloGold Ashanti

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

$AU Insider Trading Activity

$AU insiders have traded $AU stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $AU stock by insiders over the last 6 months:

KOJO OSEI FRIMPONG BUSIA sold 400 shares for an estimated $35,637

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$AU Hedge Fund Activity

We have seen 322 institutional investors add shares of $AU stock to their portfolio, and 242 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
ROYAL BANK OF CANADA added 3,026,730 shares (+570.3%) to their portfolio in Q1 2026, for an estimated $290,883,886
FMR LLC added 2,323,890 shares (+14.4%) to their portfolio in Q1 2026, for an estimated $223,337,448
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 1 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

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 3 analysts offer price targets for $AU in the last 6 months, with a median target of $120.0.

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

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.