Anglogold Ashanti Ltd

The AngloGold Ashanti share lost 4.4% in the morning after BMO cut its rating from "Outperform" to "Market Perform" but left the price target at $115. BMO cited a high valuation premium following strong relative performance last year and pointed to overvaluation despite stable operations and project potential. AngloGold also reported Q2 results that missed analyst expectations on EPS ($1.96) and revenue ($3.1bn), while free cash flow and EBITDA improved. A falling gold price and risk‑averse market sentiment increased selling pressure; the stock fell intraday to $102.10 and is well below the prior close of $108.53. » More on de.investing.com

Analysts remain bullish on AngloGold Ashanti, with Freedom Broker initiating coverage at Buy and a $114 target citing the Sukari acquisition, balance-sheet improvement and Nevada growth projects. Roth Capital reiterated a Buy but cut its target to $110, flagging the Guinea ban on unrefined gold exports and a recent >25% decline in gold prices as headwinds. The company’s strengthened asset base and dividend appeal are contrasted by near-term regulatory and commodity-price risks. » More on finance.yahoo.com

AngloGold Ashanti has published the roadmap for a share buyback of up to $2.0 billion. Free cash flow of $1.17 billion in the first quarter strengthens the financial base. A peace agreement announced over the weekend between the US and Iran pushed the gold price above $4,300 per ounce and lifted the shares by around 7%. » More on finanzen.net