AngloGold Ashanti Share Price Surges on Record Gold Prices and Robust H1, JSE:ANG Up 156% YtD
AngloGold Ashanti’s share price surged to fresh highs this week, propelled by record-breaking gold prices, strong operational results, and..
Quick overview
- AngloGold Ashanti's share price reached an all-time high of R1,154.3, reflecting a 156% gain in 2025 and a 26% increase in September.
- The company announced a semi-annual dividend of $0.80, up from $0.69, showcasing strong investor confidence and a high payout ratio.
- Q2 2025 earnings revealed a 151% year-over-year increase in headline earnings to $639 million and a 149% rise in free cash flow to $535 million.
- With rising gold production and prices, AngloGold Ashanti is well-positioned for sustained growth in the gold mining sector.
AngloGold Ashanti’s share price surged to fresh highs this week, propelled by record-breaking gold prices, strong operational results, and rising investor payouts.
Record Share Price Momentum
On Monday, AngloGold Ashanti (JSE: ANG) set a new all-time high of R1,154.3 per share, marking a 156% gain in 2025 and an impressive 26% climb in September alone. The stock’s upward trajectory has been relentless, with the exception of late July when the 20 SMA (gray) provided support on the weekly chart. Moving averages have struggled to keep pace as momentum continues to accelerate.
ANGJ Chart Weekly – Breaking the Trendline and the 200 SMA
Dividend Growth Signals Investor Confidence
Adding to the bullish sentiment, the company announced a semi-annual dividend of $0.80, paid on September 5 to shareholders of record as of August 22. This represents a meaningful increase compared with the previous payout of $0.69. With a payout ratio of 85.11% and an annualized yield of 610%, AngloGold Ashanti is rewarding investors handsomely as profits swell alongside gold prices.
Strong Q2 2025 Earnings
The miner’s latest financial results highlight the fundamental strength behind the rally:
- Headline earnings rose 151% year-over-year to $639 million.
- Free cash flow climbed 149% YoY to $535 million, underscoring operational efficiency.
- Net cash inflow from operations reached $1.02 billion, a 142% YoY increase, reflecting robust liquidity.
ANGJ Chart Monthly – Breaking Above the 50 SMA
Production and Pricing Power
Output surged in the latest quarter, with gold production up 25% YoY to 729,000 oz from 581,000 oz. At the same time, the average realized gold price jumped to $3,287 per ounce, compared with $2,330 a year earlier. This dual effect of rising production and higher selling prices has significantly boosted margins and revenues.
Market Strength and Valuation
Despite its rapid rise, AngloGold Ashanti’s financial profile remains balanced:
- Pre-tax profit margin of 28.1% reflects strong profitability.
- A P/E ratio of 20.93 indicates a valuation in line with growth prospects.
- The company’s enterprise value of $25.28 billion underscores its solid standing in the gold mining sector.
Outlook: With gold prices at record levels and AngloGold Ashanti demonstrating both operational discipline and strong shareholder returns, momentum remains firmly on its side. Unless gold faces a sharp reversal, the company appears well-positioned to sustain growth and maintain its leadership among global gold producers.
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