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Anglogold Ashanti Ltd. (AU) [hlAlert]

Rating:
Neutral AU

Anglogold Ashanti Ltd. (AU) rated Neutral by UBS

Posted on: Thursday,  Feb 18, 2010  8:25 AM ET by UBS

UBS rated Neutral Anglogold Ashanti Ltd. (NYSE: AU) on 02/18/2010. Previously UBS rated Buy Anglogold Ashanti Ltd. (NYSE: AU) on 03/03/2008.,
when the stock price was $36.94. Since then, Anglogold Ashanti Ltd. has lost 2.98% as of 05/18/2009's recent price of $35.84.
If you would have followed the previous UBS's recommendation on AU, you would have lost 2.97% of your investment in 441 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/18/2010 8:25 AM Hold
None
37.97
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2009 8:25 AM Hold
None
39.08
5/18/2009 8:25 AM Hold
None
35.84
3/3/2008 8:25 AM Buy
None
36.94
2/8/2008 8:25 AM Hold
None
36.31

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