In a report released on January 7, Josh Wolfson from RBC Capital maintained a Buy rating on Anglogold Ashanti PLC (AU – Research Report), with a price target of $32.00. The company’s shares closed last Wednesday at $25.18.
Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Barrick Gold, and Franco-Nevada. According to TipRanks, Wolfson has an average return of 4.5% and a 58.56% success rate on recommended stocks.
Anglogold Ashanti PLC has an analyst consensus of Strong Buy, with a price target consensus of $32.74.
The company has a one-year high of $32.57 and a one-year low of $15.80. Currently, Anglogold Ashanti PLC has an average volume of 3.19M.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AU in relation to earlier this year.
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Anglogold Ashanti PLC (AU) Company Description:
Anglogold Ashanti Ltd is one of the largest gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.
Read More on AU:
- AngloGold Ashanti Announces Strategic Board Role Changes
- AngloGold Ashanti Executive Officer Engages in Share Transaction
- AngloGold Ashanti Completes Centamin Acquisition, Updates Share Capital
- AngloGold Ashanti Director’s Share Dealings Highlighted
- AngloGold Ashanti upgraded to Outperform from Sector Perform at RBC Capital
