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

Rating:
Overweight
AU
down 82.84 %

Anglogold Ashanti Ltd. (AU) upgraded to Overweight with price target $65 by HSBC Securities

Posted on: Friday,  May 13, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Anglogold Ashanti Ltd. (NYSE: AU) on 05/13/2011, when the stock price was $44.37. Since
then, Anglogold Ashanti Ltd. has lost 82.85% as of 01/15/2016's recent price of $7.61.
If you would have followed this HSBC Securities's recommendation on AU, you would have lost 82.84% of your investment in 1708 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/8/2013 8:25 AM Sell
None
11.84
as of 12/30/2011
1 Week down  -0.35 %
1 Month down  -11.48 %
3 Months up  2.63 %
1 YTD down  -7.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Buy
None
18.85 31.00
11/30/2012 8:25 AM Buy
None
31.31 61.00
7/26/2012 8:27 AM Buy
None
33.42 69.00
5/15/2012 8:25 AM Buy
None
32.02 71.00
9/16/2011 8:25 AM Buy
None
46.13 76.00
5/13/2011 8:25 AM Buy
None
44.37 65.00
3/29/2010 9:25 AM Hold
None
37.64 43.00
1/26/2009 9:25 AM Buy
None
29.42 35.00

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