10 Best Metal Stocks to Buy According to Billionaires

4. AngloGold Ashanti plc (NYSE:AU)

Number of Billionaires: 13

AngloGold Ashanti plc (NYSE:AU) is a global gold mining company with a diverse, high-quality portfolio of operations, projects, and exploration activities across nine countries on four continents.

In September 2024, AngloGold Ashanti plc (NYSE:AU) announced a $2.5 billion acquisition of Centamin, a mining company focused on operations in Egypt. This strategic move, which included Centamin’s flagship Sukari gold mine, is expected to boost AngloGold’s annual production above 3 million ounces, positioning it as the world’s fourth-largest gold producer.

AngloGold Ashanti plc (NYSE:AU) saw a nine-fold increase in free cash flow to $942 million in 2024 compared to the previous year. Adjusted EBITDA also experienced a 93% year-on-year rise, and the H2 dividend grew by 263% to 69 US cents per share.

AngloGold Ashanti plc (NYSE:AU)’s stock has experienced significant growth, reaching a 52-week high of $37.75. The company’s market capitalization now stands at $19.09 billion, reflecting a one-year return of 67.72% and revenue growth of 26.43%, positioning it as the best metal stock to buy.

AngloGold Ashanti has 11 analyst ratings, with 55% recommending a “Buy.” The stock’s median price target is $35.03, indicating a 5.05% upside potential. Additionally, institutional investors hold 74.00% of the company’s shares, reflecting strong confidence from large financial institutions in the company’s future growth and market performance.