Canaccord Genuity Initiates Coverage on AngloGold Ashanti Limited with a "Buy" Rating

Font: Financial Modeling Prep  • Feb 09, 2026

• Canaccord Genuity initiated coverage on AngloGold Ashanti Limited (NYSE:AU) with a "Buy" rating amid a recovery in gold prices.
• Gold prices have rebounded, closing above $5,000 per ounce, benefiting gold mining companies like AU.
• AU's stock price has seen a 5.44% increase, reflecting the positive sentiment in the gold market.

On February 9, 2026, Canaccord Genuity initiated coverage on AngloGold Ashanti Limited (NYSE:AU) with a "Buy" rating. At the time, AU's stock price was $103.95, as reported by StreetInsider. This move comes amid a recovery in gold prices, which have positively impacted gold mining stocks, including AU.

Gold prices have recently rebounded, closing above $5,000 per ounce after a previous decline. This recovery is driven by geopolitical tensions, a weaker U.S. dollar, and increased demand. The rise in gold prices, nearly 15% year to date, benefits gold mining companies like AU, Gold Fields Limited, and others.

AU's stock price has increased by $5.36, a 5.44% rise, reflecting the positive sentiment in the gold market. Today, AU's stock fluctuated between $102.13 and $105.76. Over the past year, it reached a high of $115.81 and a low of $28.45, showing significant volatility.

The company's market capitalization is approximately $52.48 billion, with a trading volume of 2,730,167 shares. The increase in gold prices is further supported by central bank purchases, supply constraints, and rising industrial demand, creating optimism for gold miners like AU.

Investing in gold mining stocks with a favorable Zacks Rank is considered prudent, given the current market conditions. The recovery in gold prices and the positive outlook for gold miners make AU an attractive investment option, as highlighted by Canaccord Genuity's "Buy" rating.