Scotiabank analyst Tanya Jakusconek raised the firm’s price target on AngloGold Ashanti (AU) to $55 from $53 and keeps a Sector Perform rating on the shares. The firm is updating its models for Gold & Precious Minerals stocks under its coverage following Q2 results, the analyst tells investors. The firm increased its price target for AngloGold due to progress on Nevada, delivering on Obuasi, completing the Augusta Gold transaction, and progressing full asset potential program to lower costs.
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