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The price of gold hit a record high this week. AngloGold Ashanti is one of the largest gold producers based on market cap.
If passive income is the equivalent of sushi, then cheap dividend stocks – if you're not careful – is the equivalent of sushi bought at a gas station. Here's what I mean.
AngloGold Ashanti plc (AU) Q4 2023 Earnings Call Transcript
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors looking for stocks in the Mining - Gold sector might want to consider either AngloGold Ashanti (AU) or Royal Gold (RGLD). But which of these two stocks presents investors with the better value opportunity right now?
Revenue for H1 2023 was $2,186 million with an adjusted EBITA of $678 million. Net income was $40 million, or $0.10 per diluted share. AngloGold Ashanti sold 1,246K Au Oz in H1 2023 and produced 1,236K Au Oz. Production was up 0.2% from H1 2022. I recommend buying AU between $18.5 and $19.5, with potential lower support at $17.4.
(Kitco News) - Major gold producer AngloGold Ashanti (NYSE: AU) (JSE: ANG) today announced the completion of its corporate restructuring, with a primary listing of its shares on the New York Stock Exchange (NYSE) and a corporate domicile in the UK.
(Kitco News) - B2Gold (TSX: BTO) (NYSE: BTG) announced Monday that it has entered into a purchase agreement with AngloGold Ashanti to acquire AngloGold's 50% stake in the Gramalote gold project, located in Colombia, for up to $60 million.
(Kitco News) - The company said the Córrego do Sítio mine in Brazil has been placed on care and maintenance after “sustained” operating losses.
AngloGold Ashanti Limited stock has declined by 11.50% year-to-date, lagging behind other gold mining competitors. The company's profits have declined due to a rise in cash costs and additional expenses related to new legislation and a corporate transition. Despite potential positive developments in Nevada projects, the company's valuation and high costs make it less compelling as a buy.