AngloGold Ashanti Limited (AU) has risen sharply, recording gains of 3.98% in the past 4 weeks. However, the stock has corrected -1.1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
AngloGold Ashanti Limited (NYSE:AU): The stock opened at $21.91 on Friday but the bulls could not build on the opening and the stock topped out at $21.96 for the day. The stock traded down to $21.37 during the day, due to lack of any buying support eventually closed down at $21.67 with a loss of -4.33% for the day. The stock had closed at $22.65 on the previous day. The total traded volume was 3,431,765 shares.
The stock has recorded a 20-day Moving Average of 1.93% and the 50-Day Moving Average is 18.38%. AngloGold Ashanti Ltd. is up 32.38% in the last 3-month period. Year-to-Date the stock performance stands at 205.21%.
AngloGold Ashanti Limited (AU) : 3 Wall Street analysts covering AngloGold Ashanti Limited (AU) believe that the average level the stock could reach for the short term is $16.59. The maximum price target given is $24 and the minimum target for short term is around $11, hence the standard deviation is calculated at $7.05.
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.