AngloGold Ashanti Shares Surpass Analyst Target Price at $36.50
In recent trading, shares of AngloGold Ashanti plc (Symbol: AU) have crossed the average analyst 12-month target price of $36.00, changing hands at $36.50 per share. When a stock reaches an analyst’s target price, the analyst typically faces two options: downgrade based on valuation or adjust their target price higher. Reactions may also depend on recent fundamental developments that could explain the stock’s increase — positive signs for the company may encourage analysts to raise their target prices.
Four analysts within the Zacks coverage universe contribute to the average price target for AngloGold Ashanti plc. However, it is essential to note that this average is just a mathematical representation. Some analysts project lower target prices, with one anticipating a price of $34.00. Conversely, another analyst has set a target as high as $39.00, resulting in a standard deviation of $2.449.
The need to consider the average AU price target stems from the “wisdom of crowds” approach, which aggregates the insights of multiple analysts rather than relying on a single perspective. As AU surpasses the average target price of $36.00 per share, investors are encouraged to evaluate their positions in the company. They must determine whether $36.00 is merely a stepping stone toward an even higher target or if the valuation has become too stretched, prompting considerations of profit-taking. Below is a table detailing the current perspectives of analysts covering AngloGold Ashanti plc:
| Recent AU Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.75 | 1.75 | 1.75 | 1.75 |
The average rating displayed in the table above is on a scale of 1 to 5, with 1 indicating Strong Buy and 5 indicating Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on AU, click here — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
