U.S. GOLD MINING STOCKS FALL IN PREMARKET TRADING AS GOLD PRICES PLUMMET OVER 5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: moomoo
Market Overview: U.S. listed shares of gold miners have experienced a significant decline in pre-market trading.
Price Drop: This decline comes as gold prices have dropped more than 5%, impacting the mining sector negatively.
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Analyst Views on AU
Wall Street analysts forecast AU stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 98.600
Low
92.00
Averages
116.20
High
131.00
Current: 98.600
Low
92.00
Averages
116.20
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in over 10 countries, across four continents. The Company’s diverse portfolio includes approximately 10 operations in eight countries, which includes Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia. The Americas hosts three of its operations, one in Argentina and two in Brazil, and a significant new greenfield development in Nevada in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Expectations: The anticipated revenue for Q1 is $3.27 billion, representing a 69.4% year-over-year growth, which will further solidify the company's position in the global gold market and potentially attract more investor interest.
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- Annual Report Approval: The 2025 Annual Report received a 99.99% approval rate, reflecting shareholders' high recognition of the company's financial transparency and management performance, which is likely to boost investor confidence moving forward.
- Director Elections Results: Several directors, including Mr. Marcus Randolph, received over 99% support, demonstrating shareholder satisfaction with the current board, thereby reinforcing the stability of the company's governance structure.
- Political Donations Proposal Opposition: While most resolutions passed, the political donations proposal garnered only 75.31% support, indicating a cautious stance among some shareholders regarding the company's political involvement, which may influence future strategic directions.
See More
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- Earnings Release Date: AngloGold Ashanti is set to announce its Q1 earnings on May 8 before market open, with a consensus EPS estimate of $2.24, reflecting a substantial year-over-year increase of 154.5%, indicating improved profitability in the current gold price environment.
- Revenue Expectations: The anticipated revenue for Q1 is $3.27 billion, representing a 69.4% year-over-year growth, which will further solidify the company's position in the global gold market and potentially attract more investor interest.
- Performance Beat Record: Over the past year, AngloGold Ashanti has beaten EPS estimates 25% of the time and revenue estimates 75% of the time, demonstrating stability in profitability and revenue growth, which enhances market confidence in its future performance.
- Forecast Revision Trends: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, while revenue estimates have had one upward revision, reflecting analysts' optimistic outlook on the company's future performance, which may drive stock price increases.
See More
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- Price Range Analysis: The GDX ETF's 52-week low is $45.10 per share, with a high of $117.175, while the last trade was at $95.71, indicating stability within its volatility range and potential investment opportunities.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides investors with deeper market trend insights, aiding in the formulation of more effective trading strategies.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Liquidity Monitoring: Weekly monitoring of changes in shares outstanding allows for the observation of significant inflows or outflows, enabling timely portfolio adjustments and optimized asset allocation.
See More
US Stocks Surge as Tech Stocks Lead Gains
- Tech Stocks Rally: The Nasdaq 100 surged 2.08% to reach an all-time high on Wednesday, driven by stellar earnings from chipmakers and AI infrastructure firms, particularly Advanced Micro Devices, which rose over 17% as it raised its full-year sales forecast, reflecting strong investor optimism about ongoing AI investments.
- Crude Oil Plunge: WTI crude oil prices fell more than 7% to a two-week low as market expectations for a US-Iran peace agreement increased, easing inflation fears and contributing to stock market gains, with the 10-year Treasury yield dropping to a one-week low of 4.33%.
- Employment Data Impact: The April ADP employment report indicated that US companies added 109,000 jobs, below the expected 120,000, yet the market remains optimistic about the Fed's monetary policy, believing it will help maintain a low interest rate environment.
- International Market Surge: Overseas stock markets closed sharply higher, with the Euro Stoxx 50 rising 2.68% and China's Shanghai Composite gaining 1.17%, indicating a positive global market response to the US economic recovery, further boosting investor confidence.
See More
US Stocks Surge to New Highs Led by Tech Earnings
- Tech Stock Rally: The Nasdaq 100 index surged over 1.44% to reach an all-time high, driven by strong earnings from chipmakers and AI infrastructure stocks, reflecting market optimism about sustained investment growth in artificial intelligence.
- Crude Oil Plunge: WTI crude oil prices fell more than 6% to a two-week low as the US nears a peace agreement with Iran, which is expected to lift restrictions on the Strait of Hormuz, thereby reducing energy costs and enhancing profitability prospects for airlines and cruise lines.
- Employment Data Impact: The April ADP employment change report indicated that US companies added 109,000 jobs, below the expected 120,000, yet the market remains optimistic about the Fed's monetary policy, suggesting a lower likelihood of interest rate hikes.
- Earnings Optimism: So far, 84% of the 375 S&P 500 companies that reported earnings have exceeded expectations, with Q1 earnings projected to rise 12% year-over-year, indicating strong corporate profitability that further supports the stock market's upward trend.
See More
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- Market Performance: The S&P 500 index rose by 0.76% and the Nasdaq 100 index increased by 1.19%, reaching all-time highs, reflecting strong market optimism regarding ongoing investments in artificial intelligence, which are expected to continue driving stock prices higher.
- Chipmakers' Strong Earnings: Advanced Micro Devices (AMD) saw its stock price surge over 16% after raising its full-year sales forecast significantly due to robust data center spending, indicating a strong growth trajectory and reinforcing its competitive position in the semiconductor market.
- Crude Oil Price Plunge: WTI crude oil prices fell more than 5% to a two-week low as the US nears a peace agreement with Iran, which may help lower inflation expectations and improve profitability prospects for airlines and cruise operators amid declining fuel costs.
- Employment Data Impact: The April ADP employment change report indicated that US companies added 109,000 jobs, below the expected 120,000, yet the market remains optimistic about the Fed's monetary policy, which is likely to continue supporting stock market gains.
See More
AngloGold Ashanti 2026 AGM Voting Results Announced
- AGM Resolutions Passed: AngloGold Ashanti held its 2026 AGM on May 5, 2026, where all proposed resolutions were passed as ordinary resolutions, indicating strong shareholder support and enhancing decision-making stability for the company’s future.
- Annual Report Approval: The 2025 Annual Report received a 99.99% approval rate, reflecting shareholders' high recognition of the company's financial transparency and management performance, which is likely to boost investor confidence moving forward.
- Director Elections Results: Several directors, including Mr. Marcus Randolph, received over 99% support, demonstrating shareholder satisfaction with the current board, thereby reinforcing the stability of the company's governance structure.
- Political Donations Proposal Opposition: While most resolutions passed, the political donations proposal garnered only 75.31% support, indicating a cautious stance among some shareholders regarding the company's political involvement, which may influence future strategic directions.
See More
