tiprankstipranks
Advertisement
Advertisement

AngloGold Ashanti price target raised to $122 from $92 at Roth Capital

Roth Capital raised the firm’s price target on AngloGold Ashanti (AU) to $122 from $92 and keeps a Buy rating on the shares. AngloGold Ashanti’s Q4 results were mixed compared to the firm’s estimates, but the company demonstrated strong free cash flow generation and declared a higher than anticipated Q4 dividend, the analyst tells investors in a research note. AngloGold continues to provide investors with an ideal combination of a strong portfolio of assets, free cash flow strength, dividends, and gold price leverage, the firm argues.

Meet Samuel – Your Personal Investing Prophet

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1