AngloGold Ashanti price target raised to $92 from $90 at Scotiabank

Scotiabank raised the firm’s price target on AngloGold Ashanti (AU) to $92 from $90 and keeps an Outperform rating on the shares. The firm has updated its model on the stock following Q3 results, the analyst tells investors. The firm notes focus remains on progressing its full asset potential program to lower costs, the Nevada district, and investing in reserve growth at Geita.