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Anglogold Ashanti Ltd. (AU) [hlAlert]

Rating:
Neutral AU
down 34.37 %

Anglogold Ashanti Ltd. (AU) downgraded to Neutral by Credit Suisse

Posted on: Wednesday,  Apr 3, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Anglogold Ashanti Ltd. (NYSE: AU) on 04/03/2013. Previously Credit Suisse rated Outperform Anglogold Ashanti Ltd. (NYSE: AU) on
09/11/2012., when the stock price was $33.98. Since then, Anglogold Ashanti Ltd. has lost 34.37% as of 04/03/2013's recent price of $22.30.
If you would have followed the previous Credit Suisse's recommendation on AU, you would have lost 34.37% of your investment in 204 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/3/2013 8:25 AM Hold
None
22.30
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -28.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/11/2012 8:25 AM Buy
None
33.98
3/24/2009 9:25 AM Sell
None
36.21
8/5/2008 8:25 AM Buy
None
30.81

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