What’s Propelling AngloGold Ashanti Limited (ADR) to Increase So Much?

 What's Propelling AngloGold Ashanti Limited (ADR) to Increase So Much?

In today’s session AngloGold Ashanti Limited (ADR) (AU) registered an unusually high (1,067) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious AU increase. With 1,067 contracts traded and 3294 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: AU180119C00010000 closed last at: $5 or 2% up. About 2.72 million shares traded hands. AngloGold Ashanti Limited (ADR) (NYSE:AU) has declined 19.97% since April 11, 2016 and is downtrending. It has underperformed by 26.12% the S&P500.

AngloGold Ashanti Limited (ADR) (NYSE:AU) Ratings Coverage

Out of 4 analysts covering Anglogold Ashanti Limited (NYSE:AU), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $12.50 is the highest target while $8.50 is the lowest. The $8.50 average target is -27.97% below today’s ($11.8) stock price. Anglogold Ashanti Limited has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded AngloGold Ashanti Limited (ADR) (NYSE:AU) on Friday, January 15 to “Buy” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, April 11. The rating was upgraded by Citigroup on Tuesday, February 23 to “Neutral”. As per Tuesday, March 8, the company rating was downgraded by RBC Capital Markets. Citigroup downgraded the shares of AU in a report on Tuesday, May 10 to “Sell” rating. The firm has “Buy” rating by Goldman Sachs given on Monday, January 18.

According to Zacks Investment Research, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia.”

AngloGold Ashanti Limited is a gold mining company. The company has a market cap of $4.77 billion. The Company’s business activities span the spectrum of the mining value chain. It currently has negative earnings. The Company’s main product is gold.

AU Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti), incorporated on May 29, 1944, is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. The Company’s main product is gold. The Company’s portfolio includes over 17 mines in approximately nine countries. The Firm also produces silver, uranium and sulfuric acid as by-products. The Firm operates through four divisions: South Africa, Continental Africa, Australasia and Americas.

More important recent AngloGold Ashanti Limited (ADR) (NYSE:AU) news were published by: Marketwatch.com which released: “AngloGold Ashanti Ltd. ADR” on December 21, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Schaeffersresearch.com published: “Analyst Update: Acacia Communications, Inc., BioMarin Pharmaceutical Inc., and …” on November 07, 2016. More interesting news about AngloGold Ashanti Limited (ADR) (NYSE:AU) was released by: Businessfinancenews.com and their article: “AngloGold Ashanti Limited (ADR): Effective Cost Control Results in $70 million …” with publication date: May 09, 2016.

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