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Anglogold Ashanti Ltd. (AU) [hlAlert]

up 62.94 %

Anglogold Ashanti Ltd. (AU) downgraded to Underperform by BMO Capital Markets

Posted on: Monday,  Jul 15, 2013  12:25 PM ET by BMO Capital Markets

BMO Capital Markets rated Underperform Anglogold Ashanti Ltd. (NYSE: AU) on 07/15/2013, when the stock price was $12.40.
Since then, Anglogold Ashanti Ltd. has lost 38.63% as of 01/15/2016's recent price of $7.61.
If you would have followed this BMO Capital Markets's recommendation on AU, you would have gained 62.94% of your investment in 914 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.

The U.S. Equity Research team comprises over 25 analysts located in New York, Atlanta, Boston, Denver, Houston and Los Angeles. We cover more than 375 stocks and also provide equity strategy, quantitative analysis and portfolio management services to our clients. Our goal is to identify the best sectors to invest in, and the best stocks within those sectors, in order to help our clients maximize their portfolio returns. Our award-winning analysts provide research that is informative, perceptive and actionable.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/15/2013 12:25 PM Sell
as of 12/13/2013
1 Week up  1.83 %
1 Month up  22.47 %
3 Months up  6.20 %
1 YTD up  4.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2007 1:25 PM Hold

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