AngloGold Ashanti price target raised to $42 from $34 at Scotiabank

Scotiabank raised the firm’s price target on AngloGold Ashanti (AU) to $42 from $34 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on stocks in the Gold & Precious Minerals sector, the analyst tells investors. The firm is expecting flat margins quarter-over-quarter given Q1 is a weaker operating quarter for most companies, with stronger operating performance in the second half of the year. Commentary on potential tariff impact will be a focus for most companies as they review their supply chain/purchases and overall impact to costs, the firm adds.