AngloGold Ashanti Limited (NYSE:AU) has tumbled 3.78% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 10.86% in the last four weeks. The stocks have underperformed the S&P 500 by 2.63% during the past week but AngloGold Ashanti Limited (NYSE:AU) it has outperformed the index in 4 weeks by 9.85%.
AngloGold Ashanti Limited (NYSE:AU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.30 and $15.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.03, notching a gain of 1.33% for the day. The total traded volume was 15,329,669 . The stock had closed at $15.82 on the previous day.
The company shares have rallied 78.51% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $17.39 and the one year low was seen on Aug 5, 2015. The 50-Day Moving Average price is $15.16 and the 200 Day Moving Average price is recorded at $11.86.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup downgrades its outlook on AngloGold Ashanti Limited (NYSE:AU). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 10, 2016. Institutional Investors own 42.94% of AngloGold Ashanti Limited shares.
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining and exploration company. The company works across the spectrum of the mining value chain. The Company also produces silver, uranium and sulfuric acid as by-products. It has approximately 20 operations located in 10 countries. The Company operates in four segments: South Africa, which includes operations and assets in West Wits, Vaal River and surface operations, which includes First Uranium SA which owns Mine Waste Solutions (MWS); Continental Africa, which includes operations in the DRC, Ghana, Guinea, Mali and Tanzania; Australasia, which comprises two operations in Australia, and Americas, which includes operations in Argentina, Brazil and the United States.