RBC Capital analyst Josh Wolfson maintained a Hold rating on Anglogold Ashanti PLC (AU – Research Report) on November 13 and set a price target of $17.00. The company’s shares closed yesterday at $17.03.
Wolfson covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Wheaton Precious Metals, and Barrick Gold. According to TipRanks, Wolfson has an average return of 0.5% and a 48.29% success rate on recommended stocks.
Anglogold Ashanti PLC has an analyst consensus of Moderate Buy, with a price target consensus of $19.50.
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AU market cap is currently $6.67B and has a P/E ratio of 169.04.
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.
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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 downgraded to Equal Weight from Overweight at Morgan Stanley
- AngloGold Ashanti reinstated with Overweight, $24 target at JPMorgan
- AngloGold Ashanti reinstated with an Overweight at JPMorgan
- AngloGold Ashanti determines tax payments of $286M due to restructuring
- AngloGold Ashanti completes restructuring resulting in UK corporate domicile
