AngloGold Ashanti Stock Falls After BMO Capital Downgrade

By EC Assets · Published 10 September 2026

AngloGold Ashanti stock declined following a downgrade from BMO Capital. This development occurred as the gold mining company also participated in a private placement and received other analyst coverage. The broader gold mining sector continues to see varied analyst opinions. AngloGold Ashanti's stock fell after BMO Capital issued a downgrade. The company recently led a $5 million private placement for Sanu Gold Corporation. This placement was announced on September 6, 2024. Capital Limited also participated in the Sanu Gold private placement. The BMO Capital downgrade contrasts with other analyst sentiment. Roth Capital, for instance, views AngloGold Ashanti as a significant gold play. RBC Capital upgraded AngloGold Ashanti to Outperform from Sector Perform. AngloGold Ashanti also has a US$2 billion buyback plan. The company's performance is being assessed against peers. Agnico Eagle Mines is another prominent gold stock, operating in high-quality jurisdictions like Canada, Australia, Finland, and Mexico. Agnico Eagle Mines is a senior producer that focuses on low-risk operations. BMO Capital has also made other recent calls. BMO Capital Markets analyst Kelly Crago initiated coverage on Lululemon with an Underperform rating. Crago set a $70 price target for Lululemon. This price target implied approximately 32% downside from the prior close. Crago flagged weakening demand in the Americas and China. She also cited pressure on Lululemon’s premium margins. Crago forecasts fiscal 2027 earnings well below Wall Street consensus for Lululemon. BMO Capital noted Lululemon's stock could slip even with a new CEO-led reset. BMO also made an assessment of Chevron Corporation. BMO stated that Chevron’s record run is not over yet. Chevron's stock surged by almost 34% since the beginning of 2026, closing at an all-time high of $211.78 per share on September 2. The strong gains for Chevron are supported by soaring energy prices and solid earnings amid the Middle East. BMO, as a financial institution, continues to engage in various market activities. Bank of Montreal announced the pricing of USD 1 billion of non-viability contingent capital Additional Tier 1 Limited Recourse Capital Notes. BMO InvestorLine introduced unlimited commission-free trading on all stocks, ETFs, and options. It also eliminated all brokerage account administration fees and reduced options contract fees. BMO Financial Group CFO Rahul Nalgirkar will participate in the Barclays Global Financial Services Conference on September 15, 2026, at 12pm ET. BMO announced new Blue Rewards benefits that enhance point earning and savings for personal banking clients. Investors will monitor further analyst revisions and the impact of the company's capital allocation strategies. This article is intended for informational purposes only. It does not constitute investment advice.