Price Action Report: After Today’s Huge Decline, Is AngloGold Ashanti Limited (ADR)’s Near-Term Analysis Negative?

Price Action Report: After Today's Huge Decline, Is AngloGold Ashanti Limited (ADR)'s Near Term Analysis Negative?

The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) is a huge mover today! About 4.14M shares traded hands or 9.52% up from the average. AngloGold Ashanti Limited (ADR) (NYSE:AU) has risen 28.88% since March 1, 2016 and is uptrending. It has outperformed by 19.63% the S&P500.
The move comes after 9 months negative chart setup for the $5.75B company. It was reported on Oct, 4 by Barchart.com. We have $13.55 PT which if reached, will make NYSE:AU worth $287.50M less.

AngloGold Ashanti Limited (ADR) (NYSE:AU) Ratings Coverage

Out of 3 analysts covering Anglogold Ashanti Limited (NYSE:AU), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Anglogold Ashanti Limited has been the topic of 8 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) earned “Neutral” rating by Citigroup on Tuesday, February 23. Goldman Sachs upgraded the shares of AU in a report on Friday, January 15 to “Buy” rating. Citigroup downgraded AngloGold Ashanti Limited (ADR) (NYSE:AU) on Tuesday, May 10 to “Sell” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, March 8. On Monday, April 11 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The company was upgraded on Monday, January 18 by Goldman Sachs.

According to Zacks Investment Research, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia.”

More notable recent AngloGold Ashanti Limited (ADR) (NYSE:AU) news were published by: Marketwatch.com which released: “AngloGold Ashanti Ltd. ADR” on December 21, 2009, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Businessfinancenews.com published: “AngloGold Ashanti Limited (ADR): Effective Cost Control Results in $70 million …” on May 09, 2016. More interesting news about AngloGold Ashanti Limited (ADR) (NYSE:AU) were released by: Seekingalpha.com and their article: “AngloGold Ashanti Invests $400m At Siguiri, Guinea” published on July 05, 2016 as well as Seekingalpha.com‘s news article titled: “RBC Upgraded AngloGold Ashanti Limited: A Good Long-Term Candidate” with publication date: April 13, 2016.

AU Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti), incorporated on May 29, 1944, is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. The Company’s main product is gold. The Company’s portfolio includes over 17 mines in approximately nine countries. The Firm also produces silver, uranium and sulfuric acid as by-products. The Firm operates through four divisions: South Africa, Continental Africa, Australasia and Americas.

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