- By Alberto Abaterusso
After the dividend reinstatement announcement, which was supported by strong growth in 2016 earnings and free cash flow, AngloGold Ashanti fell 12.56% on the New York Stock Exchange. In contrast, gold is up $18.175 per troy ounce or 1.47% on the London Bullion Market, from an average price of $1,236.325 per troy ounce on Feb. 20 to an average of $1,254.50 on Feb. 24.
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- Barron's Dimitria DeFotis, one reason for the decline could be CEO Srinivasan Venkatakrishnan "sold some recently-vested shares acquired through a profit-sharing program initiated in 2015" for tax reasons related to the company's incentive plan.