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AngloGold Ashanti plc (NYSE:AU) is one of the 13 Best Gold Mining Companies to Invest In Now. On December 15, Roth MKM increased its price target on AngloGold Ashanti plc (NYSE:AU) from $84 to $92 and maintained its Buy rating on the stock. This update comes as the firm updated its estimates based on revised forecasts for the fourth quarter of 2025 and beyond.
Roth MKM noted that there is uncertainty surrounding future gold and silver prices because of the dynamics that drive cycle peaks. However, the firm also told investors in a research note that its new estimates are more in line with the current market conditions. Additionally, Roth MKM said that it is raising its gold price forecast for 2026 from $2,863 to $4,125 and its silver forecast from $32.50 to $56.25.
Several other investment firms have also raised their price targets on AngloGold Ashanti plc (NYSE:AU). On December 10, Citi increased its price target on AngloGold Ashanti plc (NYSE:AU) from $90 to $105 and maintained its Buy rating on the stock. Also on December 10, RBC Capital raised its price target on AngloGold Ashanti plc (NYSE:AU) from $85 to $104 while keeping its Buy rating.
Earlier, on December 3, JPMorgan also increased its price target on AngloGold Ashanti plc (NYSE:AU) from $128 to $131 and reiterated an Overweight rating on the stock.
AngloGold Ashanti plc (NYSE:AU) is a global gold mining company. It has a diverse portfolio of operations, projects, and exploration activities across 10 countries.
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Disclosure: None. This article is originally published at Insider Monkey.