The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) is a huge mover today! About 1.04 million shares traded hands. AngloGold Ashanti Limited (ADR) (NYSE:AU) has declined 1.44% since March 9, 2016 and is downtrending. It has underperformed by 8.86% the S&P500.
The move comes after 7 months positive chart setup for the $5.44 billion company. It was reported on Oct, 12 by Barchart.com. We have $21.07 PT which if reached, will make NYSE:AU worth $3.26B more.
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 has “Sector Perform” rating given by RBC Capital Markets on Tuesday, March 8. The firm earned “Buy” rating on Friday, January 15 by Goldman Sachs. The firm earned “Neutral” rating on Tuesday, February 23 by Citigroup. The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) earned “Outperform” rating by RBC Capital Markets on Monday, April 11. The firm has “Sell” rating given on Tuesday, May 10 by Citigroup. Goldman Sachs upgraded the stock to “Buy” rating in Monday, January 18 report.
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 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 published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “AngloGold Ashanti Limited (ADR): Effective Cost Control Results in $70 million …” with publication date: May 09, 2016 was also an interesting one.
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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