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Enter Symbol:
 
Anglogold Ashanti Ltd. (AU) [hlAlert]

Rating:
Sector Perform
AU
up 56.91 %

Anglogold Ashanti Ltd. (AU) upgraded to Sector Perform by CIBC Wrld Mkts

Posted on: Thursday,  Jan 24, 2013  10:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Perform Anglogold Ashanti Ltd. (NYSE: AU) on 01/24/2013. Previously CIBC Wrld Mkts rated Sell Anglogold Ashanti Ltd. (NYSE:
AU) on 10/12/2007., when the stock price was $44.91. Since then, Anglogold Ashanti Ltd. has lost 36.27% as of 01/24/2013's recent price of $28.62.
If you would have followed the previous CIBC Wrld Mkts's recommendation on AU, you would have gained 56.91% of your investment in 1931 days.

AngloGold Ashanti Limited (AngloGold Ashanti) is a global producer of gold. AngloGold Ashanti has 21 operations and a number of exploration programs in gold-producing regions of the world. During the year ended December 31, 2008, the Company produced 4.98 million ounces of gold from its operations. AngloGold Ashanti?s main product is gold. Revenue is also derived from the sales of silver, uranium oxide and sulphuric acid. The Company sells its products on international markets. In December 2008, AngloGold Ashanti completed the purchase of Sao Bento Gold Company Limited and its wholly owned subsidiary, Sao Bento Mineracao S.A. from Eldorado Gold Corporation. Effective July 1, 2008, the Company acquired Golden Cycle Gold Corporation. In October 2009, Randgold Resources Limited and AngloGold Ashanti Limited, through their indirect jointly owned subsidiary, 0858065 BC Ltd., acquired Moto Goldmines Limited.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2013 10:25 AM Hold
None
28.62
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  8.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2007 9:25 AM Sell
None
44.91 50.00

(*) Stock Price at the time of the recommendation.
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