As previously reported, Scotiabank downgraded AngloGold Ashanti to Underperform from Sector Perform with a price target of $30, up from $27. The firm has adjusted upward its 2024/2025 gold price forecasts and its long-term gold price view while also having adjusted its silver price forecasts. The firm cites strong price appreciation, with the stock up 66% year-to-date, for the revised rating.
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