NYSE:AUMetals and Mining
AngloGold Ashanti (AU) Stock Still Looks Below Fair Value After Geita Financing
AngloGold Ashanti has delivered a very large 5 year return while the broader valuation checks still lean cheap, which raises the question of whether the recent pullback has left the stock trading below what its fundamentals may justify.
Over 5 years, AngloGold Ashanti has returned 338.0%, which suggests long term holders have already captured substantial value that newer investors now need to weigh against current pricing.
The recent US$500 million financing for the Geita mine can support...