TD Cowen Initiates Coverage on AngloGold Ashanti with Buy Rating and $123 Price Target
TD Cowen has initiated coverage of AngloGold Ashanti (AU) with a 'Buy' rating, setting a price target of $123. The analyst firm characterizes the company as a high-quality senior producer within the gold mining sector. The positive outlook is driven by expectations of organic production growth and robust free cash flow generation. Following the initiation of coverage, AngloGold Ashanti shares saw a 3.3% increase during Monday's trading session.
Tickers: $AU
Topics: Equity Research Gold Mining Stock Rating
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