AU Stock Surges 14% With A 5-day Winning Spree On Citigroup Upgrade To $120
Anglogold Ashanti (AU) – a gold mining and exploration company operating globally – hit 5-day winning streak, with cumulative gains over this period amounting to a 14%. The company market cap has surged by about $7.3 Bil over the last 5 days, and currently stands at $59 Bil.
The stock has YTD (year-to-date) return of 35.7% compared to 1.9% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Citigroup Price Target Hike To $120
- Target raised from $105 to $120 with a ‘Buy’ rating
- Positive sentiment in the gold mining sector
- Impact: Strong upward price momentum, Stock reached a new 52-week high
[2] Weiss Ratings Reaffirms ‘Buy’
- Reiterated ‘buy (b-)’ rating
- Analysts maintain a majority ‘Buy’ consensus
- Impact: Increased investor confidence, Sustained buying pressure
Opportunity or Trap?
Below is our take on valuation.
There is not much to fear in AU stock given its overall Very Strong operating performance and financial condition. This is aligned with the stock’s High valuation because of which we think it is Fairly Priced (For details, see Buy or Sell AU).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for AU stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | AU | S&P 500 |
|---|---|---|
| 1D | 5.7% | -0.0% |
| 5D (Current Streak) | 14.2% | 1.5% |
| 1M (21D) | 26.8% | 0.7% |
| 3M (63D) | 79.9% | 1.5% |
| YTD 2026 | 35.7% | 1.9% |
| 2025 | 288.2% | 16.4% |
| 2024 | 25.4% | 23.3% |
| 2023 | 1.1% | 24.2% |
However, big gains can follow sharp reversals – but how has AU behaved after prior drops? See AU Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 55 S&P constituents with 3 days or more of consecutive gains and 80 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 36 | 38 |
| 4D | 7 | 24 |
| 5D | 4 | 15 |
| 6D | 6 | 0 |
| 7D or more | 2 | 3 |
| Total >=3 D | 55 | 80 |
Key Financials for Anglogold Ashanti (AU)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $4.6 Bil | $5.8 Bil |
| Operating Income | $575.0 Mil | $1.6 Bil |
| Net Income | $-235.0 Mil | $1.0 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $2.4 Bil | $2.4 Bil |
| Operating Income | $999.0 Mil | $1.0 Bil |
| Net Income | $669.0 Mil | $669.0 Mil |
While AU stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.