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RBC Capital Maintains a Hold Rating on Anglogold Ashanti (AU)

In a report issued on June 27, Josh Wolfson from RBC Capital maintained a Hold rating on Anglogold Ashanti (AUResearch Report), with a price target of $23.00. The company’s shares closed last Tuesday at $15.72, close to its 52-week low of $14.57.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.0% and a 45.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Newmont Mining.

Currently, the analyst consensus on Anglogold Ashanti is a Moderate Buy with an average price target of $24.90.

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AngloGold Ashanti Ltd. is a mining and exploration company. It explores, mines, and produces gold. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.

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