With gold prices holding near elevated levels, investors are closely comparing AngloGold Ashanti (AU) and Newmont (NEM). Here’s how they stack up:
🔹 AngloGold Ashanti (AU)
• Successful recent acquisitions
• Record free cash flow of ~$920M
• Stronger forward growth expectations
• Shares up ~297% YoY, reflecting improving fundamentals and execution
🔹 Newmont (NEM)
• World’s largest gold producer by output
• Stable cash flow of ~$1.6B
• Facing short-term production headwinds
• Growth momentum remains more subdued
📊 Bottom Line:
Both miners benefit from higher gold prices, but AU stands out with a stronger growth trajectory and a more attractive valuation relative to its outlook. For investors seeking momentum + fundamentals, AU currently looks like the higher-conviction play.
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