AngloGold Ashanti: Surging Free Cash Flow As Gold Consolidates

AngloGold Ashanti remains a "Buy," supported by robust Q1 results and a strong technical setup. AU posted Q1 non-GAAP EPS of $2.52 (beat), $3.15 billion in revenue (miss), and 190% YoY FCF growth to $1.17 billion. Balance sheet strength is evident with $868 million net cash; management targets $1 billion net cash and a $2 billion share repurchase.