Anglogold Ashanti PLC Drops on Executive Share Sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
0mins
Source: Businesswire
Anglogold Ashanti PLC's stock fell by 5.23% and crossed down the 5-day SMA. This decline follows the news that Executive Director Gillian Doran sold 22,033 shares at an average price of $82.47 each, totaling approximately $1.82 million.
Despite the sale, Doran retains a significant number of shares, indicating her continued confidence in the company's future. The transaction was conducted transparently, which may help maintain investor trust in the company's governance.
The broader market, including the Nasdaq-100 and S&P 500, showed gains today, but Anglogold Ashanti's stock underperformed, reflecting specific concerns related to the executive's share sale.
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Analyst Views on AU
Wall Street analysts forecast AU stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 96.310
Low
92.00
Averages
116.20
High
131.00
Current: 96.310
Low
92.00
Averages
116.20
High
131.00
About AU
AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in over 10 countries, across four continents. The Company’s diverse portfolio includes approximately 10 operations in eight countries, which includes Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia. The Americas hosts three of its operations, one in Argentina and two in Brazil, and a significant new greenfield development in Nevada in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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