AngloGold Ashanti (NYSE:AU) PT Boosted by Barclays (NYSE:BCS)

Barclays (NYSE:BCS) increased their price target on AngloGold Ashanti (NYSE:AU) based on updated gold price assumptions and marked-to-market gold prices.

Barclays says, "Our earnings model now reflects marked-to-market gold prices for 4Q 2010 and updated gold price assumptions for 2011-2014. Based on these assumptions, our new 12-month price target of $45 assumes a net firm value in one year 6.9x our new 2012 EBITDA estimate of $2.5 billion. Our previous 12-month price target of $42 assumed a net firm value in one year of 9.4x our prior 2012 EBITDA estimate of $1.8 billion."

Barclays maintains an "Equalweight" on AngloGold Ashanti, which was trading at $44.69, down $0.11, or 0.25 percent. They increased their price target on AngloGold from $42 to $45.