In a report released on October 4, Josh Wolfson from RBC Capital maintained a Hold rating on Anglogold Ashanti PLC (AU – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $15.50.
Wolfson covers the Basic Materials sector, focusing on stocks such as Gold Fields, Newmont Mining, and Wheaton Precious Metals. According to TipRanks, Wolfson has an average return of 0.6% and a 49.12% success rate on recommended stocks.
Currently, the analyst consensus on Anglogold Ashanti PLC is a Moderate Buy with an average price target of $19.50.
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The company has a one-year high of $18.38 and a one-year low of $14.91. Currently, Anglogold Ashanti PLC has an average volume of 2.73M.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AU in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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