With gold prices holding near elevated levels, investors are closely comparing AngloGold Ashanti (AU) and Newmont (NEM). Hereโs how they stack up:
๐น AngloGold Ashanti (AU)
โข Successful recent acquisitions
โข Record free cash flow of ~$920M
โข Stronger forward growth expectations
โข Shares up ~297% YoY, reflecting improving fundamentals and execution
๐น Newmont (NEM)
โข Worldโs largest gold producer by output
โข Stable cash flow of ~$1.6B
โข Facing short-term production headwinds
โข Growth momentum remains more subdued
๐ 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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