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AU

AngloGold

$9.21

0.045 (0.49%)

10:35
12/15/17
12/15
10:35
12/15/17
10:35

AngloGold put volume heavy and directionally bearish

Bearish flow noted in AngloGold with 21,247 puts trading, or 26x expected. Most active are Jan-18 9 puts and Apr-18 9 puts, with total volume in those strikes near 20,900 contracts. The Put/Call Ratio is 417, while ATM IV is up over 2 points on the day. Earnings are expected on February 20th.

AU AngloGold
$9.21

0.045 (0.49%)

11/07/17
HSBC
11/07/17
UPGRADE
HSBC
Buy
AngloGold upgraded to Buy from Hold at HSBC
11/13/17
RBCM
11/13/17
UPGRADE
Target $11.5
RBCM
Outperform
AngloGold upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Richard Hatch upgraded AngloGold Ashanti to Outperform from Sector Perform and raised his price target to ZAR17,000 from ZAR15,600. Hatch notes the release of a rebase plan for Obuasi, the successful disposal of higher-cost South African mines, and the ramp at its Kibali site among the potential upside catalysts for the company, saying he anticipates an increase in free cash flow amid a sustaining drop in capital expenditure.
11/30/17
DBAB
11/30/17
UPGRADE
DBAB
Buy
AngloGold upgraded to Buy from Hold at Deutsche Bank
11/30/17
DBAB
11/30/17
NO CHANGE
DBAB
Deutsche upgrades three gold producers after changing rand forecast
Deutsche Bank analyst Patrick Mann upgraded three South African gold producers after adjusting his rand forecasts by an average of 13% over 2018-2023. For 2018, the analyst uses a rand 14.22 to one U.S. dollar ratio, which boosts his rand-based price targets for the shares by an average 27%. Mann upgraded both AngloGold (AU) and Gold Fields (GFI) to Buy from Hold. He sees the companies returning to positive free cash flow in 2018. The analyst also upgraded Harmony Gold (HMY) to Hold from Sell.

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