Price Target Update on AngloGold Ashanti Limited (NYSE:AU)

AngloGold Ashanti Limited (NYSE:AU) : The highest short term price target forecast on AngloGold Ashanti Limited (NYSE:AU) is $21 and the lowest target price is $11. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $15.43 with a standard deviation of $5.18.

Other Equity analysts have also commented 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.

AngloGold Ashanti Limited (NYSE:AU): On Thursdays trading session , Opening price of the stock was $15.7 with an intraday high of $16.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.57. However, the stock managed to close at $15.78, a loss of 0.50% for the day. On the previous day, the stock had closed at $15.86. The total traded volume of the day was 3,085,466 shares.

The company shares have rallied 75.83% 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 $15.14 and the 200 Day Moving Average price is recorded at $12.10.

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.

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