On September 28, ANGLOGOLD ASHANTI PLC fell 5.28% overnight, trading at $93.80 per share, with turnover of $337,600. The decline came amid a broad selloff across gold mining stocks driven by retreating gold prices.
The gold sector experienced widespread losses, with Coeur Mining down 4.84%, Kinross down 3.79%, Newmont Mining down 3.76%, Wheaton Precious Metals down 3.50%, and Barrick Mining down 3.29%. A stronger U.S. dollar and elevated Treasury yields — with the 10-year yield hovering near the 5% psychological threshold — exerted dual pressure on non-yielding gold assets, while fading geopolitical risk premiums further eroded safe-haven demand for the metal.
Adding to near-term sentiment headwinds, BMO Capital downgraded ANGLOGOLD ASHANTI PLC to market perform from outperform in early September with a $115 price target, citing valuation concerns. Although RBC subsequently raised its price target to $119 from $111 while maintaining an outperform rating, the mixed analyst signals have contributed to elevated volatility in recent weeks.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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