Streetbeat News

AU

AngloGold Ashanti Limited

https://www.anglogoldashanti.com

Industry

Gold

AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

Open

24.54

Mkt cap

10B

Volume

4.3M

High

24.76

P/E Ratio

18.26

52-wk high

32.57

Low

24.02

Div yield

0.02

52-wk low

15.80

Gold company shares are rising as gold prices hit all-time highs after the Fed's rate cut.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:36 pm

Precious metals stocks are experiencing a rise in share prices as gold and silver prices increase following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:45 pm

Gold stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points, which has positively influenced overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:08 pm

AngloGold Ashanti's shares are trading lower following the announcement of its $2.5 billion acquisition of Centamin.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:03 pm

AngloGold Ashanti plans to acquire Centamin for $2.5 billion in an all-share deal, making it the fourth-largest gold producer globally. The acquisition includes Centamin's Sukari gold mine, a Tier 1 asset, and is expected to be accretive from day one. Centamin shareholders will receive a premium and hold 16.4% of the enlarged company.

Portfolio Pulse from Stjepan Kalinic

September 10, 2024 | 11:53 am

Shares of precious metal companies are declining as gold prices drop. This is influenced by August's ISM Manufacturing PMI data showing economic contraction and upcoming non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:56 pm

Metal company shares are declining due to falling prices and weak demand in China.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:23 pm

Top Wall Street analysts have updated their price targets for several companies, including CrowdStrike, Palo Alto Networks, AngloGold Ashanti, Bloomin’ Brands, Snowflake, Progyny, Genasys, Metagenomi, Cogent Communications, and The Williams Companies. Notable changes include a price target cut for CrowdStrike by Bernstein and an increase for Cogent Communications by Citigroup.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 12:53 pm

Scotiabank analyst Tanya Jakusconek has downgraded Anglogold Ashanti (NYSE:AU) from Sector Perform to Sector Underperform while raising the price target from $27 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:11 pm

Three materials sector stocks, Aspen Aerogels Inc (ASPN), Anglogold Ashanti PLC (AU), and United States Antimony Corporation (UAMY), are showing overbought signals with high RSI values, indicating potential short-term price declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 11:07 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.