Stock Mover of the Day: It Seems AngloGold Ashanti Limited (ADR) Will Go Up. Have Another Big Increase

Stock Mover of the Day: It Seems AngloGold Ashanti Limited (ADR) Will Go Up. Have Another Big Increase

The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) is a huge mover today! About 965,865 shares traded hands. AngloGold Ashanti Limited (ADR) (NYSE:AU) has declined 28.01% since April 22, 2016 and is downtrending. It has underperformed by 33.42% the S&P500.
The move comes after 7 months positive chart setup for the $4.34 billion company. It was reported on Nov, 25 by Barchart.com. We have $11.75 PT which if reached, will make NYSE:AU worth $303.80 million more.

Analysts await AngloGold Ashanti Limited (ADR) (NYSE:AU) to report earnings on November, 28.

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. Anglogold Ashanti Limited has been the topic of 9 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Monday, April 11 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was upgraded by Citigroup on Tuesday, February 23 to “Neutral”. RBC Capital Markets downgraded AngloGold Ashanti Limited (ADR) (NYSE:AU) on Tuesday, March 8 to “Sector Perform” rating. The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) earned “Sell” rating by Citigroup on Tuesday, May 10. As per Monday, January 18, the company rating was upgraded by Goldman Sachs. On Friday, January 15 the stock rating was upgraded by Goldman Sachs to “Buy”.

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.”

More 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 the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “AngloGold Ashanti Limited (ADR): Effective Cost Control Results in $70 million …” with publication date: May 09, 2016 was also an interesting one.

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.

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