Citigroup Downgrades AngloGold Ashanti Limited (ADR) to Sell

Brokerage firm Citigroup Downgrades its rating on AngloGold Ashanti Limited (ADR)(AU). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Citigroup was issued on Feb 22, 2017 in a research report to their Investors and Clients.

AngloGold Ashanti Limited (ADR) (AU) shares turned negative on Wednesdays trading session with the shares closing down -0.73 points or -5.82% at a volume of 55,95,971. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.12. The peak price level was also seen at $12.12 while the days lowest was $11.56. Finally the shares closed at $11.81. The 52-week high of the shares is $22.91 while the 52-week low is $9.28. According to the latest information available, the market cap of the company is $4,819 M.

AngloGold Ashanti Limited (ADR)(AU) last announced its earnings results on Feb 22, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.10.

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining and exploration company. The company works across the spectrum of the mining value chain. The Company also produces silver uranium and sulfuric acid as by-products. It has approximately 20 operations located in 10 countries. The Company operates in four segments: South Africa which includes operations and assets in West Wits Vaal River and surface operations which includes First Uranium SA which owns Mine Waste Solutions (MWS); Continental Africa which includes operations in the DRC Ghana Guinea Mali and Tanzania; Australasia which comprises two operations in Australia and Americas which includes operations in Argentina Brazil and the United States.

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