|Bid||5.11 x 0|
|Ask||5.14 x 0|
|Day's Range||5.13 - 5.14|
|52 Week Range||1.98 - 5.35|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||16.11|
|Forward Dividend & Yield||0.01 (0.29%)|
|1y Target Est||N/A|
Today, BMO Capital Markets upgraded AngloGold Ashanti (AU) from “market perform” to “outperform” and raised the stock’s target price from $16 to $21. The bank believes that AU has a solid track record and is on track to get its Obuasi mine operational by the end of the year.
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South Africa's rand continued to weaken against the dollar on Wednesday, sliding to a fresh one-week low, weighed down by a squabble between the ruling African National Congress (ANC) and government over the mandate of the central bank. At 1600 GMT the rand was 1.5% weaker at 14.8700 per dollar, bringing losses since Monday to more than 3% as a double whammy of dismal growth and policy uncertainty re-emerged.
A transaction for the Mponeng mine southwest of the capital Johannesburg is unlikely to rock financial markets or cause a great political upset. While it’s still one of the world’s 10 biggest gold reserves, AngloGold will do well to get more for the pit than its $533 million carrying value at the end of 2018. As Felix Njini of Bloomberg News has detailed in multiple articles, the gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.
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Gold and silver prices fell Thursday as investors switched to the U.S. dollar for safety. Use these inverse ETFs to profit from this theme continuing.
During his interview "60 Minutes" on CBS news, the president of the U.S. Federal Reserve Jerome Powell said that President Trump's disapproval of the Fed's four rate hikes in 2018 didn't influence the decision of the American central bank in January to postpone the tightening monetary policy. Warning! GuruFocus has detected 7 Warning Signs with AU.
South Africa's AngloGold Ashanti agreed to sell its interest in Northern Colombia Holdings Limited to Royal Road Minerals Limited to focus on its other Colombian exploration projects, it said on Tuesday. AngloGold, which has the Quebradona and Gramalote greenfields exploration projects in Colombia, said it would sell Northern Colombia Holdings, which includes mining concession agreements covering approximately 36,000 hectares and the rights to acquire further mining concessions. "In Colombia, AngloGold Ashanti will focus on its key projects in the region, particularly Quebradona and Gramalote," the AngloGold said in a statement.
Could the Newmont-Goldcorp Merger Form ‘The Go-To Gold Equity’?(Continued from Prior Part)Agnico Eagle MinesWhereas several gold (GLD) mining companies are likely to see M&As (mergers and acquisitions), Agnico Eagle Mines (AEM) may not be
E.B. Tucker, an independent director of Metalla Royalty & Streaming Ltd. (MTA.V), told Kitco.com on Monday that while 2019 is expected to be very volatile for U.S. equities, gold will be one of the markets that will have the best performance. Warning! GuruFocus has detected 6 Warning Signs with AU. The bullion closed 2018 reporting a cumulative average of $1,268.49 per troy ounce on the London market.
A number of subscribers have emailed me recently about gold and gold miners. Fair enough in this current market environment, so this morning I am taking a look at the charts and indicators of AngloGold Ashanti Ltd. In the daily bar chart of AU, below, we can see a low in August followed by an impressive rally.
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