Scotiabank analyst Scotia Capital maintained a Hold rating on Anglogold Ashanti (AU) yesterday and set a price target of R$28.00. The company’s shares closed last Wednesday at $21.25.
Anglogold Ashanti has an analyst consensus of Moderate Buy, with a price target consensus of $29.50, which is a 44.2% upside from current levels. In a report issued on February 22, RBC Capital also downgraded the stock to Hold with a $23.00 price target.
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AngloGold Ashanti Ltd. is a mining and exploration company. It explores, mines, and produces gold. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.