A Reversal for AngloGold Ashanti Limited (AU) Is Not Near. The Stock Reaches 52-Week Low Today

June 17, 2018 - By Marguerite Chambers

AngloGold Ashanti Limited (NYSE:AU) Logo

The stock of AngloGold Ashanti Limited (NYSE:AU) hit a new 52-week low and has $7.50 target or 8.00 % below today’s $8.15 share price. The 8 months bearish chart indicates high risk for the $3.43 billion company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $7.50 price target is reached, the company will be worth $274.64 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.11% or $0.53 during the last trading session, reaching $8.15. About 45.86 million shares traded or 999.55% up from the average. AngloGold Ashanti Limited (NYSE:AU) has declined 25.75% since June 17, 2017 and is downtrending. It has underperformed by 38.32% the S&P500.

AngloGold Ashanti Limited operates as a gold mining and exploration company. The company has market cap of $3.43 billion. The firm also produces silver, uranium oxide, copper, and sulphuric acid. It currently has negative earnings. The Company’s portfolio includes 17 mines in South Africa, Continental Africa, Australasia, and the Americas.

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