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AngloGold Ashanti Cut to Underweight at ABSA: Has the Golden Run Finally Ended?
AngloGold Ashanti (AU) was downgraded to Underweight by ABSA Securities with a $100.82 price target after climbing 110% over the past year, as analyst concerns focus on mining cost inflation, operational risk, and a valuation that has…
Summary
Shares of AngloGold Ashanti (NYSE:AU) just lost a key voice of support. ABSA Securities downgraded the gold miner to Underweight with a $100.82 price target, a notable bearish pivot after a powerful multi-year rally in both gold and gold mining equities. For long-term investors, the call raises a fair question: has the golden run finally ... AngloGold Ashanti Cut to Underweight at ABSA: Has the Golden Run Finally Ended?
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