Streetbeat News

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

32.35

Mkt cap

16B

Volume

2.8M

High

32.54

P/E Ratio

13.83

52-wk high

33.77

Low

32.01

Div yield

0.03

52-wk low

20.05

Precious metals stocks are trading higher due to increased demand for safe-haven assets amid the Israel-Hamas conflict. This includes stocks such as AEM, AG, AGI, CDE, DRD, EXK, GFI, GOLD, HMY, MUX, PAAS, SBSW, WPM.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:49 pm

In Friday's pre-market session, several materials stocks showed significant movement. Gainers included Gold Fields (GFI), Harmony Gold Mining (HMY), McEwen Mining (MUX), Hecla Mining (HL), Anglogold Ashanti (AU), and DRDGold (DRD). Losers included Tantech Hldgs (TANH), Adamas One (JEWL), Crown ElectroKinetics (CRKN), and CN Energy Group (CNEY).

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 1:06 pm

Shares of gold companies are trading higher as gold prices rise due to conflict in the Middle East, which is causing a flight to safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:47 pm

Precious metals stocks are trading higher as gold prices rise due to the Israel-Hamas conflict, which has increased the demand for safe-haven assets. Stocks mentioned include AU, GFI, and SBSW.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:55 pm

AngloGold Ashanti plc has completed a corporate restructuring, changing its primary listing from the Johannesburg Stock Exchange to the New York Stock Exchange. The company now has its group headquarters in Denver. The restructuring attracted various tax payments in South Africa and Australia, totaling about $286m. The company has a robust balance sheet and will fund the tax payments from internal sources. AngloGold Ashanti qualifies as a foreign private issuer in the United States and plans to voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K with the SEC starting from the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:07 pm

Several stocks experienced significant movement in Wednesday's mid-day session. ShiftPixy, Inc. (NASDAQ:PIXY) shares jumped 152.8% after announcing the effective date for its reverse stock split. SciSparc Ltd. (NASDAQ:SPRC) gained 120.9% as it reported its 1-for-26 reverse share split is expected to be implemented after market close. Rite Aid Corporation (NYSE:RAD) climbed 44% following a substantial settlement agreement of $230 million by consulting firm McKinsey & Company related to opioid addiction lawsuits. On the other hand, Sharps Technology, Inc. (NASDAQ:STSS) fell 31.6% after reporting a $5.6 million registered direct and private placement priced at the market under Nasdaq rules.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 4:48 pm

RBC Capital analyst Josh Wolfson has reiterated a 'Sector Perform' rating on Anglogold Ashanti (NYSE:AU) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:59 pm

Scotiabank analyst Tanya Jakusconek has maintained a 'Sector Perform' rating on Anglogold Ashanti (NYSE:AU) but lowered the price target from $28 to $26.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:21 pm

B2Gold has acquired AngloGold Ashanti's 50% stake in the Gramalote Project. The purchase price will be paid in cash and consists of several payments based on certain milestones, including $20 million upon closing of the transaction, $10 million upon announcing a construction decision, and $10 million upon commercial production, among others.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:26 am

BMO Capital Markets analyst Raj Ray has upgraded AngloGold Ashanti Limited (NYSE:AU) to Outperform from Market Perform, raising the price target to $22 from $19. The analyst is optimistic about the company's corporate reorganization and new portfolio rationalization techniques. AngloGold's share price is down ~41% from its May 2023 peak, which presents a more attractive entry point. The analyst also raised FY23 and FY24 EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 7:09 pm

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