AngloGold Ashanti (NYSE:AU) had its rating on them of an "Overweight" reiterated by HSBC Securities, which also boosted its price target on the gold miner from $61 to $65.
According to a quarterly report by Societe Generale and metals consultancy GFMS Ltd, AngloGold Ashanti eliminated its remaining hedges, getting rid of 1.33 million ounces in the quarter ended December 31.
AngloGold Ashanti Limited participates in the exploration and production of gold. Along with gold, the company also produces and sells silver, uranium and sulphuric acid. The company has operations running around the world.
AngloGold Ashanti closed Friday at $43.61, dropping $0.85, or 1.91 percent.
Monday, May 16, 2011
Rating on AngloGold Ashanti (AU) Reiterated
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