AngloGold Ashanti Limited (ADR) (NYSE:AU)
CAPS Rating:
The Company conducts gold-mining operations in Argentina, Australia, Brazil, Ghana, Guinea, Mali, Namibia, South Africa, Tanzania and the United States of America. The Company also produces uranium oxide and sulphuric acid.
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I just bought some of this for my real portfolio. It is near it's 52 week low, which seems to be holding. It is priced as if gold is going off a cliff. Gold seems to be in a consolidation phase for the past year. It has decent margins, a dividend, and good roe. It seems like a safe place to wait, for the leg higher.