10 Best Performing Large Cap Stocks to Buy According to Analysts

6. AngloGold Ashanti plc (NYSE:AU)

1-Year Performance: 72.08%

Number of Hedge Fund Holders: 31

Analyst Upside Potential: 18.14%

AngloGold Ashanti plc (NYSE:AU) is another best performing large cap stock to buy according to analysts. It operates as a global gold mining company based in the United Kingdom. The company mines gold across nine countries on four continents, with mines operating in Ghana, Guinea, Tanzania, the Democratic Republic of Congo, Argentina, Brazil, Australia, and the United States. Besides gold, the company also produces silver in Argentina and sulfuric acid in Brazil.

During the fiscal third quarter of 2024, AngloGold Ashanti plc (NYSE:AU) reported their Tier 1 Assets performed well due to higher tons and grades mined, contributing to overall production growth. Moreover, management has implemented initiatives to enhance performance at Tier 2 mines, which led to lower costs. As a result, the production rose by 2% year-on-year, with a significant boost in the second quarter, where the production rose 12% in comparison to the first quarter.

With that being said, AngloGold Ashanti plc (NYSE:AU) expects an even stronger second half of the year. The third quarter performance along with a positive future outlook led to RBC Capital maintaining their Buy rating on the stock. On February 20, Analyst Josh Wolfson maintained a Buy rating with a price target of $36.