AngloGold Ashanti Limited (AU) Shares are Up 4.09%

AngloGold Ashanti Limited (AU) : Traders are bullish on AngloGold Ashanti Limited (AU) as it has outperformed the S&P 500 by a wide margin of 11.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.09% in the last 1 week, and is up 15.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.65% and the 50-Day Moving Average is 25.22%. AngloGold Ashanti Ltd. is up 33.19% in the last 3-month period. Year-to-Date the stock performance stands at 208.59%.


AngloGold Ashanti Limited (NYSE:AU): stock turned positive on Friday. Though the stock opened at $21.79, the bulls momentum made the stock top out at $22.1 level for the day. The stock recorded a low of $21.63 and closed the trading day at $21.91, in the green by 1.53%. The total traded volume for the day was 2,699,104. The stock had closed at $21.58 in the previous days trading.

Also, Major Brokerage house, Citigroup downgrades its ratings on AngloGold Ashanti Limited (NYSE:AU). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 10, 2016.

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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