Short Term Price Target on AngloGold Ashanti Limited (AU)

AngloGold Ashanti Limited (NYSE:AU) : Currently there are 3 street experts covering AngloGold Ashanti Limited (NYSE:AU) stock. The most bullish and bearish price target for the stock is $24 and $11 respectively for the short term. The average price target of all the analysts comes to $16.59. The estimated standard deviation from the target is $7.05.

Shares of AngloGold Ashanti Ltd. rose by 14.45% in the last five trading days and 31.54% for the last 4 weeks. AngloGold Ashanti Ltd. is up 31.44% in the last 3-month period. Year-to-Date the stock performance stands at 154.37%.

AngloGold Ashanti Limited (NYSE:AU) : Zacks Investment Research ranks AngloGold Ashanti Limited (NYSE:AU) as 5, which is a Strong Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.75, which indicates as a Buy.

AngloGold Ashanti Limited (NYSE:AU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.12 and $17.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.06, notching a gain of 0.89% for the day. The total traded volume was 4,243,264 . The stock had closed at $17.90 on the previous day.

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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