Analysis: AngloGold Ashanti Ltd (JSE:ANG) Target Upped Today
In an interesting research report revealed by RBC Capital Markets on Tuesday, 1 December, the firm, AngloGold Ashanti Ltd (JSE:ANG), had their target price per share cut to $12500.00. Analusts at present have a solid “Outperform” rating on the stock.
The stock increased 1.19% or $109 on December 1, striking $9241. Approximately 1.13 million shares of stock traded hands. AngloGold Ashanti Limited (JSE:ANG) has declined 32.28% since May 1, 2015 and is downtrending. It has underperformed by 30.65% the S&P500.
AngloGold Ashanti Limited is a gold mining and exploration company. The company has a market cap of $37.31 billion. The firm works across the spectrum of the mining value chain. It currently has negative earnings. The Firm also produces silver, uranium and sulfuric acid as by-products.