New Buy Rating for Anglogold Ashanti PLC (AU), the Basic Materials Giant
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Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Agnico Eagle, and Anglogold Ashanti PLC. According to TipRanks, Wolfson has an average return of 11.6% and a 67.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anglogold Ashanti PLC with a $46.92 average price target, a 1.12% upside from current levels. In a report released on June 12, Roth MKM also initiated coverage with a Buy rating on the stock with a $52.00 price target.
AU market cap is currently $24.16B and has a P/E ratio of 20.56.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AU in relation to earlier this year.
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