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Anglogold Ashanti Ltd. (AU) [hlAlert]

Sell AU
up 49.00 %

Anglogold Ashanti Ltd. (AU) rated Sell by Goldman

Posted on: Friday,  May 3, 2013  8:25 AM ET by Goldman

Goldman rated Sell Anglogold Ashanti Ltd. (NYSE: AU) on 05/03/2013, when the stock price was $18.64. Since then, Anglogold Ashanti
Ltd. has lost 32.89% of its value until Goldman rated AU Neutral on 12/04/2013, when the price was $12.51.
If you would have followed this Goldman's recommendation on AU, you would have gained 49% of your investment in 215 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.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2016 10:25 AM Buy
as of 12/13/2013
1 Week   
1 Month up  17.80 %
3 Months up  0.55 %
1 YTD up  32.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/4/2013 9:25 AM Hold
5/3/2013 8:25 AM Sell

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