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We recently published an article titled These 10 Firms Led Lagged Performance on Wednesday. In this article, we are going to take a look at where AngloGold Ashanti plc (NYSE:AU) stands against the other stocks.
Wall Street’s major indices finished in the green territory anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off following President Donald Trump’s assurance that he had no intentions of ousting Jerome Powell.
The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.
Ten companies, on the other hand, led the highest declines, booking modest losses during the trading session.
In this article, we have identified Wednesday’s 10 worst-performing stocks and detailed the reasons behind their lagging performance.
To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in trading volume.
A group of miners in hard hats and safety gear descending into a deep coal mine.
AngloGold Ashanti plc (NYSE:AU)
AngloGold Ashanti plc (NYSE:AU) saw its share prices drop by 5.96 percent on Wednesday to finish at $40.57 each in line with lower gold prices, as investor funds flocked to other higher-yielding assets.
As of 4:46 PM EDT on Wednesday, gold spot prices were down by 2.73 percent at $3,288.44 per ounce.
In recent news, AngloGold Ashanti plc (NYSE:AU) officially inked a model agreement with the Egyptian Mineral Resources Authority (EMRA) to exploit gold ore and associated minerals in various areas in the eastern desert of Egypt.
According to Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, the deal marked the new beginning for the mining sector and will open horizons for other international players to bolster mining in gold and other minerals.
AU is a global gold mining company with a diverse, high-quality portfolio of operations, projects, and exploration activities in 11 countries.
Apart from Egypt, its portfolio includes operations in Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Ghana, Guinea, and Tanzania, as well as greenfield projects in Colombia, Côte d’Ivoire and the US.
It also conducts greenfield exploration activities in Argentina, Australia, Brazil, Côte d’Ivoire, Egypt, Tanzania, and the US.
Overall AU ranks 7th on our list of the worst performing stocks on Wednesday. While we acknowledge the potential of AU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AU but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.