AngloGold Ashanti Limited with ticker code (AU) now have 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 29 and 20 calculating the mean target price we have $24.00. Given that the stocks previous close was at $26.43 this would imply there is a potential downside of -9.2%. Also worth taking note is the 50 day moving average now sits at $21.52 while the 200 day moving average is $17.71. The market capitalization for the company is $11,249m. Visit the company website at: https://www.anglogoldashanti.com
The potential market cap would be $10,214m based on the market consensus.
AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. 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 owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia. It also holds 92.5% interest in the Cerro Vanguardia project situated in Argentina; 70% interest in the Tropicana property in Australia; and 85% interest in the Siguiri project in Guinea. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
The company has a dividend yield of 1.74% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 38.2, revenue per share of 2.68 and a 4.19% return on assets.
