AngloGold Ashanti

AngloGold Ashanti (AU.US) posted a strong rally during today's regular session, driven by the company's announcement of a general meeting to advance a proposed $2 billion share repurchase program, boosting investor sentiment. The stock traded in a pre-market range of $81.00 to $84.751 before opening higher and surging to an intraday high of $84.945, a 5.0% gain from the prior close of $80.89, fully reversing post-market declines that followed macro headwinds and analyst target price cuts. The latest closing price of $84.945 sits nearly flat with its 20-day moving average of $84.962, but remains 34.2% below its 52-week high of $129.14 and trails the 60-day MA of $94.10, indicating lingering resistance from medium-term trendlines. On the fundamentals side, Q1 revenue grew 64.9% YoY to $3.236 billion, net profit surged 189% YoY to $1.281 billion, and net profit margin expanded to 39.6%, with robust earnings underpinning the stock. However, a slight pullback in bullion prices pressured some gold miners during the day, capping further upside.