AngloGold Ashanti price target raised to $57 from $54 at Roth Capital

Roth Capital raised the firm’s price target on AngloGold Ashanti (AU) to $57 from $54 and keeps a Buy rating on the shares. The company reported strong Q2 results and discussed the potential impact of ongoing exploration work at the Arthur project in Nevada, the analyst tells investors in a research note. The firm believes Arthur could provide further share upside.