AngloGold Ashanti Limited (AU) Receives Price Target

AngloGold Ashanti Limited (AU) : The highest level AngloGold Ashanti Limited (AU) is projected to reach is $24 for the short term and the lowest estimate is at $11. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $17.06 and the possibility the share price can swing is $9.27.

AngloGold Ashanti Limited (AU) : 3 analysts are covering AngloGold Ashanti Limited (AU) and their average rating on the stock is 2, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. AngloGold Ashanti Limited (AU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


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 $16.04 and $15.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.62, notching a gain of 3.29% for the day. The total traded volume was 4,749,200 . The stock had closed at $16.09 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.