|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||13.41 - 13.79|
|52 Week Range||7.08 - 14.32|
|Beta (3Y Monthly)||-0.40|
|PE Ratio (TTM)||315.81|
|Forward Dividend & Yield||0.06 (0.44%)|
|1y Target Est||14.68|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AngloGold Ashanti Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Tailings dams are also in the spotlight, after Vale SA’s disaster in Brazil. Highlights from Tuesday:AngloGold’s CEO suggested the company may provide an update on plans to streamline its assets when it reports annual results this month.Barrick chief Mark Bristow said the industry needs to change its mindset on “instant gratification.” Anglo Platinum’s CEO predicted palladium will remain in deficit for 10 to 15 years. South African President Cyril Ramaphosa emphasized support for the mining sector and said he wants to avoid a return to strained relations between the government and industry.
Key Insights The closure of its TauTona mine and sale of Moab Khotsong and Kopanang in South Africa is already bearing fruit as AngloGold focuses on its lowest-costs mines.The performance of the No. 3 gold producer was also buoyed after income from its Kibali operation in the Democratic Republic of Congo rose by $95 million.The turnaround at AngloGold lays down a marker as the Johannesburg-based miner weighs listing in either London or Toronto. Market ReactionAngloGold shares fell 1 percent as of 9:56 a.m. in Johannesburg, paring their gain over the past 12 months to 45 percent.
HALIFAX , Jan. 29, 2019 /CNW/ - Zonte Metals Inc (ZON.V) ("Zonte" or the "Company") is pleased to announce it has commenced drilling at the Cross Hills Iron Oxide Copper Gold Property in Newfoundland and Labrador . The first drill hole is well underway at the Dunns Mountain target where a large target defined by coincident high-resolution ground magnetics, induced polarization and a mineralized corridor containing copper, silver and gold in surface grab samples (see press release dated October 11, 2018 ). The Dunns Mountain target is the first target to be drill tested within the 13,325 hectare Cross Hills Property where the Company has additional target areas, a number of significant magnetic anomalies requiring additional exploration and many areas that have yet to be explored.
The Dow Jones Industrial Average dropped 0.84 percent to close at 24,528.22, while the S&P 500 declined 0.78 percent to settle at 2,643.85. The Nasdaq was down 1.11 percent to close at 7,085.68. The stock recorded a trading volume of 1,311,214 shares, which was above its three months average volume of 1,112,618 shares.
Having long since been eclipsed by its rivals, AngloGold Ashanti Ltd. may need to leave home to keep up. Newmont Mining Corp. and Barrick Gold Corp. have forged mega deals that will extend their lead over AngloGold. Saddled with Mponeng, the world’s deepest mine in a dying South African industry that’s struggling to contain costs, the third-biggest producer could boost its value by leaving the country, according to Rene Hochreiter, analyst at Noah Capital Markets Ltd. in Johannesburg.
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
NEW YORK, Jan. 11, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
As the bear market beat rolls on, investors have had to look outside of equities for strength. Indeed, gold prices have marched persistently higher over the past six weeks, breathing new life into an area that has been dead money for five years. Gold is glittering once more.
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.
Ray Dalio’s love for gold is well known. Bridgewater Associates didn’t have any major positions in gold ETFs until the second quarter of 2017, when the fund made its first purchases, of $68.1 million in GLD and $36.8 million in IAU. Dalio also suggests buying gold for diversification and as an inflation hedge.
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.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
HALIFAX , Dec. 12, 2018 /CNW/ - Zonte Metals Inc (ZON.V) ("Zonte" or the "Company") is pleased to announce it has signed a drill contract for the Phase 1 drilling at the Cross Hills Iron Oxide Copper Gold Property in Newfoundland and Labrador . Drilling will be conducted on the Dunns Mountain target where the Company has delineated a large target defined by coincident high-resolution ground magnetics, induced polarization and a large mineralized corridor containing copper, silver and gold in surface grab samples (see press release dated October 11, 2018 ). Zonte Metals Inc. is a junior explorer focused on gold and copper.
Analysts at BMO Capital Markets, the investment banking subsidiary of Bank of Montreal (BMO), took action on gold mining stocks on Monday. BMO downgraded Yamana Gold Inc. (AUY) to market perform from outperform, initiated coverage on AngloGold Ashanti Ltd. (AU) with a market perform rating and on Gold Fields Ltd. (GFI) with an underperform rating. Warning! GuruFocus has detected 6 Warning Signs with AU.
NEW YORK, NY / ACCESSWIRE / December 7, 2018 / U.S. equities finished modestly lower on Thursday as trade concerns were reignited after the arrest of a Huawei senior executive. The Dow Jones Industrial ...