24.56 +0.01 (0.04%)
After hours: 5:26PM EDT
Triple Moving Average Crossover
|Bid||24.29 x 1400|
|Ask||24.52 x 1200|
|Day's Range||24.09 - 24.70|
|52 Week Range||12.66 - 28.00|
|Beta (5Y Monthly)||0.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.09 (0.39%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||24.88|
China's alteration of human rights policies has reignited US-China tensions, forcing investors to rush to safe-have assets like gold.
The Zacks Analyst Blog Highlights: AngloGold Ashanti, Alamos Gold, B2Gold, Pretium Resources and Gold Fields
HALIFAX , May 26, 2020 /CNW/ - Zonte Metals is pleased to provide the following update on the Phase 2 drill program at its Cross Hills Iron Oxide Copper Gold (IOCG) Project and the commencement of Phase 1 drilling at the Wings Point Gold Project. Phase 2 drilling at the Cross Hills property is focusing on the Dunns Mountain target, where the Company has previously intersected copper, silver and gold in an IOCG system.
AngloGold Ashanti (AU) has confirmed that operations at its Mponeng gold mine – which were running at 50% capacity – have been temporarily halted on a voluntary basis.The company explains that this new ‘precautionary step’ will enable it to complete contact tracing, and to deep clean and sanitize the workplace and key infrastructure.AngloGold Ashanti has conducted 650 Covid-19 tests since last Thursday, after a screening, tracing and testing program revealed several cases at the site in Merafong, in Gauteng Province, South Africa.This process has indicated 164 positive cases with only a handful of tests left to process. According to AU, of the positive cases, the vast majority are asymptomatic.“AngloGold Ashanti is committed to working with the South African government and other stakeholders to combat the spread of the virus and to deal with its after-effects” the company says, adding that it’s electronic tracking technology- normally used for underground workers- is helping locate primary, or close contacts.RBC Capital analyst James Bell has a buy rating on the stock and $29 price target (14% upside potential). Shares are currently trading up 14% year-to-date.He reiterated his buy rating following ‘difficult’ Q1 results, with both production and costs coming in weaker than forecast. However key asset sales remain on track- with AU on the cusp of selling its South African assets to Harmony Gold Mining for $300M.“We continue to see asset sales as a key catalyst for the group so positive progress in the SA sale process, including competition commission approval, should be welcomed” said Bell, who believes that an early H2 closure may still be possible. (See AU stock analysis on TipRanks).Related News: Positive Exploration Results Could Drive Upside for Yamana Gold, Says Analyst Micron Has More Than Enough Tailwinds to Offset Huawei Sanctions, Says Top Analyst Baidu May Use Nasdaq Delisting To Boost Value – Report More recent articles from Smarter Analyst: * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential * Salesforce Sinks 3.5% After-Hours As Guidance Slashed
(Bloomberg) -- AngloGold Ashanti Ltd., temporarily halted work at its Mponeng gold mine in South Africa after more than 164 workers tested positive for Covid-19.The world’s third-largest gold miner detected a cluster of infections after a mass testing campaign, and the majority of confirmed cases were asymptomatic, said Chris Nthite, a spokesman for the company. AngloGold conducted 650 tests since Thursday, he added. Mponeng, the last of AngloGold’s South African assets, employs about 5,000 workers.“As a precautionary step, operations at Mponeng Mine -– which were running at 50% capacity -– have been temporarily halted on a voluntary basis to complete contact tracing and to again deep clean and sanitize the workplace and key infrastructure,” Nthite said.AngloGold is in the process of selling Mponeng, the world’s deepest mine, to Harmony Gold Mining Co., a deal that’s expected to close at end of June. The producer has suspended its guidance for full-year output of 3.05 million to 3.3 million ounces of gold amid the coronavirus pandemic.More on South African mining challengesWorkers in South Africa’s mines, which employ more than 450,000 people, are particularly vulnerable as they toil in cramped shafts that can reach more than two miles underground, before returning to overcrowded hostels and shanty towns.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sierra Wireless announced results from its annual general and special meeting of shareholders and the appointment of three new independent directors.
The Zacks Analyst Blog Highlights: Chaparral Energy, AngloGold Ashanti, Gold Fields, HighPoint Resources and Key Energy Services
AngloGold Ashanti Limited (AU) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider AngloGold Ashanti (AU).
With the economies gearing up to reopen, demand for oil may spring back to pre-pandemic levels. However, there has been a decline in oil stockpiles leading to spike in oil price.
Carpenter Technology (CRS) top and bottom line results decline year-over-year due to the impact of the coronavirus pandemic on customer demand.
Mali's parliament on Tuesday approved a new code that eliminates mining companies' value added tax exemptions during production and shortens the period during which they are protected from fiscal changes to 20 years, a lawmaker told Reuters. The new code, which shortens the so-called "stability period" from 30 years under the current code, now heads to President Ibrahim Boubacar Keita for his signature, said national lawmaker Boubacar Sissoko. Mali is one of Africa's largest gold producers.
Rating Action: Moody's takes rating actions on South African corporates following sovereign downgrade. Global Credit Research- 04 Apr 2020. NOTE: On April 8, 2020, the press release was corrected as follows: ...
Rating Action: Moody's takes rating actions on South African corporates following sovereign downgrade. Global Credit Research- 04 Apr 2020. DIFC- Dubai, April 04, 2020-- Moody's Investors Service, has ...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
A worker at AngloGold Ashanti's Obuasi gold mine in Ghana tested positive for coronavirus on Sunday, the mining company said, the second known case of the new virus at a mine site in Africa. AngloGold Ashanti said operations at the Obuasi mine, where gold production is ramping up, would continue. The infected employee - a Ghanaian recently returned from travel abroad - is in self-isolation at his home and the company is working with Ghana's ministry of health to trace all contacts, AngloGold Ashanti said in a statement.