Anglogold Ashanti PLC ( (AU) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AngloGold Ashanti’s stock is on the rise due to a significant 17% increase in Q3 gold production and a remarkable 141% surge in free cash flow, which have bolstered the company’s financial results. The impressive 109% rise in adjusted EBITDA, along with stable cash costs, has improved margins and allowed for increased shareholder dividends. These robust financials have prompted analysts to adjust their price targets positively, signaling confidence in the company’s future performance.
More about Anglogold Ashanti PLC
YTD Price Performance: 233.78%
Average Trading Volume: 3,151,590
Technical Sentiment Signal: Buy
Current Market Cap: $35.03B
For further insights into AU stock on TipRanks’ Stock Analysis page.
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