AngloGold Ashanti Limited (AU) : Analyst Rating Update

AngloGold Ashanti Limited (AU) : The consensus on AngloGold Ashanti Limited (AU) based on 4 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

AngloGold Ashanti Limited (AU) : Currently there are 3 street experts covering AngloGold Ashanti Limited (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.

AngloGold Ashanti Limited (NYSE:AU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.16 and $19.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.35, notching a gain of 5.88% for the day. The total traded volume was 6,870,440 . The stock had closed at $19.22 on the previous day.

Also, Equity analysts at the Brokerage firm Citigroup downgrades its rating on AngloGold Ashanti Limited (NYSE:AU). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 10, 2016. The company shares have rallied 138.17% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $19.49 and the one year low was seen on Aug 5, 2015. The 50-Day Moving Average price is $15.74 and the 200 Day Moving Average price is recorded at $12.82.

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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