AngloGold Ashanti Ltd (Symbol: AU) shares have surpassed the average analyst 12-month target price of $22.50, currently trading at $23.00 per share. This shift prompts analysts to consider either a downgrade on valuation or a potential increase in target prices based on the company’s recent performance.
The current analyst targets for AngloGold include a low of $22.00 and a high of $23.50, with a standard deviation of $0.866. Among analysts, there are 3 strong buy ratings, indicating positive sentiment and an average rating of 1.0, where 1 represents a strong buy.
This analysis is informed by data from Zacks Investment Research via Quandl.com, highlighting a growing interest in the company’s stock as investors evaluate whether the current pricing reflects its valuation.
