Price Action Report: How Analysts Feel About AngloGold Ashanti Limited (ADR) After Today’s Huge Decline?

Price Action Report: How Analysts Feel About AngloGold Ashanti Limited (ADR) After Today's Huge Decline?

The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) is a huge mover today! About 2.24 million shares traded hands. AngloGold Ashanti Limited (ADR) (NYSE:AU) has risen 1.26% since March 11, 2016 and is uptrending. It has underperformed by 4.20% the S&P500.
The move comes after 5 months negative chart setup for the $5.57 billion company. It was reported on Oct, 14 by We have $12.31 PT which if reached, will make NYSE:AU worth $445.60 million 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 has “Sell” rating given by Citigroup on Tuesday, May 10. The rating was upgraded by Goldman Sachs to “Buy” on Friday, January 15. Citigroup upgraded the stock to “Neutral” rating in Tuesday, February 23 report. As per Monday, January 18, the company rating was upgraded by Goldman Sachs. The firm earned “Sector Perform” rating on Tuesday, March 8 by RBC Capital Markets. RBC Capital Markets upgraded AngloGold Ashanti Limited (ADR) (NYSE:AU) on Monday, April 11 to “Outperform” rating.

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: which released: “AngloGold Ashanti Ltd. ADR” on December 21, 2009. Also published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.‘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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