The Word on the Street: What Analysts Are Saying about AngloGold Ashanti


Nov. 20 2020, Updated 5:10 p.m. ET

Analyst recommendations

According to Bloomberg, about 59% of analysts covering AngloGold Ashanti (AU) have given it “buy” recommendations. About 24% of analysts have issued “hold” recommendations, and 18% have issued “sell” recommendations on the stock.

Over the years, we’ve seen the company’s share price move in line with analyst recommendations. Its consensus target price now stands at 28.8 South African rand, or about $2.02, implying a potential downside of 1% from its current market price of 29.1 rand, or about $2.05.

Article continues below advertisement

Other gold mining company ratings

Among South African gold mining companies, AngloGold Ashanti remains the analysts’ favorite, with the highest percentage of “buy” recommendations at 59%. Harmony Gold (HMY) and Gold Fields (GFI) have the lowest percentage of “buy” recommendations, at 36% and 40%, respectively.

Sibanye Gold (SBGL) has “sell” ratings from 7% of analysts. The graph above shows brokers’ recommendations and the percentage of upsides or downsides from current prices.

Recent ratings changes

Deutsche Bank (DB) downgraded AngloGold from “buy” to “hold” while upgrading Harmony Gold from “hold” to “buy.” For AngloGold, DB believes that the valuation and the risk-to-reward outlook justifies a “hold” rating. DB maintained its “hold” rating for Gold Fields and Sibanye Gold in the same note.

Investors looking to invest in gold might also look at leveraged ETFs like the Direxion Daily Junior Gold Miners Bull 3X ETF (JNUG) and the Direxion Daily Gold Miners Bull 3X ETF (NUGT).


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.