On June 5, AngloGold Ashanti declined 5.08% in regular trading, trading at $85.98/share, with trading volume of $80.60 million.

On the news front, Royal Bank of Canada recently slashed its target price on AngloGold Ashanti from $138 to $114, a reduction of 17.4%, while maintaining its outperform rating. According to FactSet, the stock carries an average analyst rating of overweight with a mean price target of $135.59. The target price cut adds downward pressure amid an already weak gold mining sector.

Within the Gold sector, individual stocks declined broadly. Among peers, Coeur Mining fell 9.55%, Pan American Silver fell 7.41%, Agnico Eagle Mines fell 5.6%, Newmont Mining fell 5.46%, and Barrick Mining Corporation fell 5.33%, indicating significant sector-wide selling pressure.

AngloGold Ashanti is an independent global gold mining company with operations across four continents and 11 countries. Its flagship property is the Geita project in Tanzania, with additional mines in Ghana, Brazil, Australia, Argentina, and Guinea.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)