In a report released today, Tanya Jakusconek from Scotiabank maintained a Hold rating on Anglogold Ashanti (AU – Research Report), with a price target of $28.00. The company’s shares closed last Friday at $17.98.
Jakusconek covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Compania de Minas Buenaventura SAA, and Newcrest Mining Limited. According to TipRanks, Jakusconek has an average return of -5.4% and a 36.84% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anglogold Ashanti with a $22.67 average price target, which is a 26.08% upside from current levels. In a report released on September 11, RBC Capital also maintained a Hold rating on the stock with a $18.00 price target.
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AU market cap is currently $7.52B and has a P/E ratio of 195.65.
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AngloGold Ashanti Ltd. is a mining and exploration company. It explores, mines, and produces gold. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.
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