CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock

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CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock

Bloomberg2021-06-17

(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...

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Ninjchia
·2021-06-18
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AhChong
·2021-06-17
Nice
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Yukago
·2021-06-17
Ohdear!!
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WeiSiang87
·2021-06-17
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Baybay
·2021-06-17
how do you make a post trending. can you help me? like and comment for like and comment ?
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Freyyy
·2021-06-17
Nice
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- RAMA:
  Great
  2021-06-17
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KoloQ
·2021-06-17
Nice
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- VickJW:
  yeah!((
  2021-06-17
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Leeshirl
·2021-06-17
Interesting!
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- VickJW:
  agree
  2021-06-17
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Piggu
·2021-06-17
Like and comment pls
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  Ok
  2021-06-17
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- RoNx21x:
  nice
  2021-06-17
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- NonoAhah:
  Like comment
  2021-06-17
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abp
·2021-06-17
Nice
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  H
  2021-06-17
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Tri12244
·2021-06-17
Wow
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SingLee
·2021-06-17
Good
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本投资
·2021-06-17
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  Like plse
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cloe
·2021-06-17
like pls
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MaxTay
·2021-06-17
Ok
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Sianzz
·2021-06-17
Daily quest
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- NonoAhah:
  Done
  2021-06-17
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Gh0st_ape
·2021-06-17
Commenting for the coin
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  done
  2021-06-17
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Bbbeseb
·2021-06-17
Like and comment ty
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- 0680huat:
  ok
  2021-06-17
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Buffett_Son
·2021-06-17
Like = huat
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  Huat!
  2021-06-17
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Wpeiro87
·2021-06-17
Comment and like
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But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AU","symbol_name":"AngloGold Ashanti Ltd ADS","start_time":0,"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","article_id":"2144271757","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","pubTimestamp":1623923738,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"translate_title":"英美黄金首席执行官的真空使其成为全球最差的矿业股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AU":0.9},"content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":166145528,"gmtCreate":1623998965364,"gmtModify":1703826155778,"author":{"id":"3586756883239009","authorId":"3586756883239009","name":"Ninjchia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586756883239009","authorIdStr":"3586756883239009"},"htmlText":"&nbsp;.","listText":"&nbsp;.","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166145528","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161599980,"gmtCreate":1623933163740,"gmtModify":1703823814064,"author":{"id":"3581820442239185","authorId":"3581820442239185","name":"AhChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581820442239185","authorIdStr":"3581820442239185"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161599980","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161500205,"gmtCreate":1623932461107,"gmtModify":1703823799814,"author":{"id":"3579429917054455","authorId":"3579429917054455","name":"Yukago","avatar":"https://static.tigerbbs.com/eecb68d10d332e20ee23f1e84c574bb7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579429917054455","authorIdStr":"3579429917054455"},"htmlText":"Ohdear!!","listText":"Ohdear!!","text":"Ohdear!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161500205","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161280603,"gmtCreate":1623928555302,"gmtModify":1703823721143,"author":{"id":"3581501322517488","authorId":"3581501322517488","name":"WeiSiang87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581501322517488","authorIdStr":"3581501322517488"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161280603","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161219938,"gmtCreate":1623928160724,"gmtModify":1703823707937,"author":{"id":"3581843817959377","authorId":"3581843817959377","name":"Baybay","avatar":"https://static.tigerbbs.com/ef7dbc91de3962d76f51a84524d549bc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581843817959377","authorIdStr":"3581843817959377"},"htmlText":"how do you make a post trending. can you help me? like and comment for like and comment ?","listText":"how do you make a post trending. can you help me? like and comment for like and comment ?","text":"how do you make a post trending. can you help me? like and comment for like and comment ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161219938","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161210107,"gmtCreate":1623928133209,"gmtModify":1703823706967,"author":{"id":"3585525168458550","authorId":"3585525168458550","name":"Freyyy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585525168458550","authorIdStr":"3585525168458550"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161210107","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838546,"gmtCreate":1623928273104,"gmtModify":1663229153145,"authorId":3579812664530236,"author":{"id":3579812664530236,"idStr":"3579812664530236","authorId":3579812664530236,"name":"RAMA","avatar":"https://static.tigerbbs.com/767f54a66ea074248d8e9bba9e219fce","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161210107,"type":1,"supId":0,"prevId":0,"content":"Great ","text":"Great ","html":"Great "}],"langContent":"EN"},{"id":161297136,"gmtCreate":1623927718425,"gmtModify":1703823690346,"author":{"id":"3578447622671257","authorId":"3578447622671257","name":"KoloQ","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578447622671257","authorIdStr":"3578447622671257"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161297136","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838356,"gmtCreate":1623927755820,"gmtModify":1635313786924,"authorId":3578439260866475,"author":{"id":3578439260866475,"idStr":"3578439260866475","authorId":3578439260866475,"name":"VickJW","avatar":"https://static.tigerbbs.com/dc8189137ac06a254539a020b5b368b2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161297136,"type":1,"supId":0,"prevId":0,"content":"yeah!((","text":"yeah!((","html":"yeah!(("}],"langContent":"EN"},{"id":161297998,"gmtCreate":1623927709414,"gmtModify":1703823689859,"author":{"id":"3561776872020254","authorId":"3561776872020254","name":"Leeshirl","avatar":"https://static.tigerbbs.com/20a497757395d7a3d03c08d260f164ff","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3561776872020254","authorIdStr":"3561776872020254"},"htmlText":"Interesting!","listText":"Interesting!","text":"Interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161297998","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838351,"gmtCreate":1623927748718,"gmtModify":1663229154540,"authorId":3578439260866475,"author":{"id":3578439260866475,"idStr":"3578439260866475","authorId":3578439260866475,"name":"VickJW","avatar":"https://static.tigerbbs.com/dc8189137ac06a254539a020b5b368b2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161297998,"type":1,"supId":0,"prevId":0,"content":"<u>agree</u>","text":"<u>agree</u>","html":"<u>agree</u>"}],"langContent":"EN"},{"id":161295580,"gmtCreate":1623927671840,"gmtModify":1703823687583,"author":{"id":"3580887956620934","authorId":"3580887956620934","name":"Piggu","avatar":"https://static.tigerbbs.com/8c03ebb3404c09146ca26d6e53de20e7","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3580887956620934","authorIdStr":"3580887956620934"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/161295580","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838449,"gmtCreate":1623927973223,"gmtModify":1663229155043,"authorId":3580887956620934,"author":{"id":3580887956620934,"idStr":"3580887956620934","authorId":3580887956620934,"name":"Piggu","avatar":"https://static.tigerbbs.com/8c03ebb3404c09146ca26d6e53de20e7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161295580,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"},{"id":4838568,"gmtCreate":1623928330597,"gmtModify":1663229154435,"authorId":3586883896670116,"author":{"id":3586883896670116,"idStr":"3586883896670116","authorId":3586883896670116,"name":"RoNx21x","avatar":"https://static.tigerbbs.com/b5a19030a073ea788ba213b918903a21","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161295580,"type":1,"supId":0,"prevId":0,"content":"<p>nice</p>","text":"<p>nice</p>","html":"<p>nice</p>"},{"id":4838335,"gmtCreate":1623927710590,"gmtModify":1663229153349,"authorId":3583475767705151,"author":{"id":3583475767705151,"idStr":"3583475767705151","authorId":3583475767705151,"name":"NonoAhah","avatar":"https://static.tigerbbs.com/4c8811a1f89559a718bd4b3e3a64bdf5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161295580,"type":1,"supId":0,"prevId":0,"content":"Like comment ","text":"Like comment ","html":"Like comment "}],"langContent":"EN"},{"id":161295041,"gmtCreate":1623927662083,"gmtModify":1703823686448,"author":{"id":"3581979721991802","authorId":"3581979721991802","name":"abp","avatar":"https://static.tigerbbs.com/f0c0424f61209387c56148e921c507f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581979721991802","authorIdStr":"3581979721991802"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161295041","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838695,"gmtCreate":1623928855604,"gmtModify":1663229156836,"authorId":3578543878235243,"author":{"id":3578543878235243,"idStr":"3578543878235243","authorId":3578543878235243,"name":"Melodykjh","avatar":"https://static.tigerbbs.com/ecbb1673398e9c20ba51196d1fc7f00b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161295041,"type":1,"supId":0,"prevId":0,"content":"H","text":"H","html":"H"}],"langContent":"EN"},{"id":161291633,"gmtCreate":1623927457622,"gmtModify":1703823682085,"author":{"id":"3582019662483806","authorId":"3582019662483806","name":"Tri12244","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582019662483806","authorIdStr":"3582019662483806"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161291633","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161291116,"gmtCreate":1623927441935,"gmtModify":1703823681602,"author":{"id":"3566792507603956","authorId":"3566792507603956","name":"SingLee","avatar":"https://static.tigerbbs.com/74ee3d8a14406f14d8f70c6b649dbfce","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3566792507603956","authorIdStr":"3566792507603956"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161291116","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161204904,"gmtCreate":1623926927708,"gmtModify":1703823674648,"author":{"id":"3575025867944814","authorId":"3575025867944814","name":"本投资","avatar":"https://static.tigerbbs.com/39359b0d4f172e7e34784edd01dc2f3c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575025867944814","authorIdStr":"3575025867944814"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161204904","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838192,"gmtCreate":1623926995920,"gmtModify":1663229154226,"authorId":3577391264666074,"author":{"id":3577391264666074,"idStr":"3577391264666074","authorId":3577391264666074,"name":"SteveTeo","avatar":"https://static.tigerbbs.com/a8447cdff8c551bee0792d0b5251d81f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161204904,"type":1,"supId":0,"prevId":0,"content":"Like plse","text":"Like plse","html":"Like plse"}],"langContent":"EN"},{"id":161202356,"gmtCreate":1623926794975,"gmtModify":1703823672056,"author":{"id":"3579427654432903","authorId":"3579427654432903","name":"cloe","avatar":"https://static.tigerbbs.com/f8d6caf1b758a3a54567fc721edc957d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579427654432903","authorIdStr":"3579427654432903"},"htmlText":"like pls","listText":"like pls","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161202356","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161201549,"gmtCreate":1623926615081,"gmtModify":1703823668820,"author":{"id":"3570873824164040","authorId":"3570873824164040","name":"MaxTay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570873824164040","authorIdStr":"3570873824164040"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161201549","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161203258,"gmtCreate":1623926542174,"gmtModify":1703823667041,"author":{"id":"3578949622373970","authorId":"3578949622373970","name":"Sianzz","avatar":"https://static.tigerbbs.com/4979b264ebab697544c4446efdb40519","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3578949622373970","authorIdStr":"3578949622373970"},"htmlText":"Daily quest&nbsp;","listText":"Daily quest&nbsp;","text":"Daily quest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161203258","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838342,"gmtCreate":1623927728315,"gmtModify":1663229153726,"authorId":3583475767705151,"author":{"id":3583475767705151,"idStr":"3583475767705151","authorId":3583475767705151,"name":"NonoAhah","avatar":"https://static.tigerbbs.com/4c8811a1f89559a718bd4b3e3a64bdf5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161203258,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":161209973,"gmtCreate":1623926365492,"gmtModify":1703823665041,"author":{"id":"3562030572969317","authorId":"3562030572969317","name":"Gh0st_ape","avatar":"https://static.tigerbbs.com/152fa5b607690a4522043d4997f48f33","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562030572969317","authorIdStr":"3562030572969317"},"htmlText":"Commenting for the coin","listText":"Commenting for the coin","text":"Commenting for the coin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161209973","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838093,"gmtCreate":1623926485199,"gmtModify":1631890215203,"authorId":3571083769580822,"author":{"id":3571083769580822,"idStr":"3571083769580822","authorId":3571083769580822,"name":"YsL","avatar":"https://static.tigerbbs.com/f258b1aa573da15fd74641181f7391bf","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161209973,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":161200499,"gmtCreate":1623926324811,"gmtModify":1703823664065,"author":{"id":"3580480146799726","authorId":"3580480146799726","name":"Bbbeseb","avatar":"https://static.tigerbbs.com/514f0741d35c08373756b5feae66b8a6","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580480146799726","authorIdStr":"3580480146799726"},"htmlText":"Like and comment ty&nbsp;","listText":"Like and comment ty&nbsp;","text":"Like and comment ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161200499","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838078,"gmtCreate":1623926408335,"gmtModify":1663229151026,"authorId":3578465657605658,"author":{"id":3578465657605658,"idStr":"3578465657605658","authorId":3578465657605658,"name":"0680huat","avatar":"https://static.tigerbbs.com/674aa720475e31276b1e3c6cfc5cc9b0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161200499,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":161677402,"gmtCreate":1623926248706,"gmtModify":1703823662769,"author":{"id":"3582538924304117","authorId":"3582538924304117","name":"Buffett_Son","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582538924304117","authorIdStr":"3582538924304117"},"htmlText":"Like = huat","listText":"Like = huat","text":"Like = huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161677402","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838107,"gmtCreate":1623926555933,"gmtModify":1663229152046,"authorId":3578949622373970,"author":{"id":3578949622373970,"idStr":"3578949622373970","authorId":3578949622373970,"name":"Sianzz","avatar":"https://static.tigerbbs.com/4979b264ebab697544c4446efdb40519","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161677402,"type":1,"supId":0,"prevId":0,"content":"Huat!","text":"Huat!","html":"Huat!"}],"langContent":"EN"},{"id":161677550,"gmtCreate":1623926243870,"gmtModify":1703823662608,"author":{"id":"3572737452508251","authorId":"3572737452508251","name":"Wpeiro87","avatar":"https://static.tigerbbs.com/91842112bbc8c3bf84f8ffb3950350bd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572737452508251","authorIdStr":"3572737452508251"},"htmlText":"Comment and like","listText":"Comment and like","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161677550","repostId":2144271757,"repostType":4,"repost":{"id":"2144271757","pubTimestamp":1623923738,"share":"https://ttm.financial/m/news/2144271757?lang=&edition=fundamental","pubTime":"2021-06-17 17:55","market":"us","language":"en","title":"CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2144271757","media":"Bloomberg","summary":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chi","content":"<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.</p>\n<p>Shares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.</p>\n<p>Investor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.</p>\n<p>“AngloGold is a good turnaround stock at this point, being <a href=\"https://laohu8.com/S/AONE\">one</a> of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”</p>\n<p>Five months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.</p>\n<p>The company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals &amp; mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.</p>\n<p>The search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.</p>\n<p>While AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.</p>\n<p>Many analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.</p>\n<p>AngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.</p>\n<p>Still, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.</p>\n<p>While the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.</p>\n<p>AngloGold has spent about $545 million redeveloping the Ghanaian operation.</p>\n<p>The company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.</p>\n<p>Meanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.</p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCEO Vacuum at AngloGold Turns It Into World’s Worst Mining Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AU":"AngloGold Ashanti Ltd ADS"},"source_url":"https://finance.yahoo.com/news/ceo-vacuum-anglogold-turns-world-060238232.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144271757","content_text":"(Bloomberg) -- AngloGold Ashanti Ltd. has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock. But with shares now cheap compared with peers, analysts see potential for upside.\nShares of the world’s third-largest gold producer have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index. It also trails peers on South Africa’s FTSE/JSE Precious Metals and Mining Index, which has gained 20% in the same period.\nInvestor sentiment began to sour three days after the company’s shares rose to a record on July 27. That’s when AngloGold’s CEO Kelvin Dushnisky shocked stakeholders by announcing his resignation. The stock on Tuesday fell to the lowest since March 2020, and trades at a forward price-to-earnings ratio of 8.5 times compared with 10.8 for the Bloomberg mining index.\n“AngloGold is a good turnaround stock at this point, being one of the cheapest large cap gold stocks globally,” said Bloomberg Intelligence mining analyst Grant Sporre. Appointing a CEO and resuming mining operations in Ghana,“would all be positive catalysts and may be enough for the stock to play catch up to peers, even if gold prices were to flatline.”\nFive months after the CEO announced his decision to resign, the company’s chairperson quit and in May it had to suspend operations at its Ghana mine following an accident.\nThe company’s move to boost its dividend fivefold earlier this year hasn’t helped the shares. The key trigger for investors will be the appointment of a permanent head, according to Raj Ray, director of metals & mining research at BMO Capital Markets. Interim CEO Christine Ramon has been running the company since Dushnisky quit last year.\nThe search for a permanent CEO is a “top priority for the board, which is fully-focused on securing the best candidate for the role,” Chris Nthite, a AngloGold spokesman, said in an email on Tuesday.\nWhile AngloGold is yet to decide on its CEO, rival Gold Fields Ltd. has had a smooth transition. It named former Anglo American Platinum Ltd. boss Chris Griffith as head, to succeed Nick Holland. Gold Field’s shares have gained 13% in the past year.\nMany analysts remain sanguine. AngloGold’s recommendation consensus -- a gauge of analyst confidence in a stock on a scale of 1 to 5 -- stands at 3.7, up from 3 in August last year. Nine analysts forecast the company’s shares will rise an average 27% in the next 12 months, according to data compiled by Bloomberg.\nAngloGold’s share price is poised to rise even if gold prices fall, said Rene Hochreiter, an analyst at Johannesburg-based Noah Capital Markets. That’s because “the company is making quite a nice profit,” so the target price should be about 30% higher, he said.\nStill, investors will be assessing the company’s ability to get its key Obuasi mine in Ghana back on track, after the operations were suspended last month following the death of a miner in a fall-of-ground incident.\nWhile the suspension will curb AngloGold’s 2021 output, the company is doing an “assessment of the mine design, mine schedule and ground management plans,” before resuming production in a phased manner, Nthite said, without giving a timeline.\nAngloGold has spent about $545 million redeveloping the Ghanaian operation.\nThe company also has other challenges. It’s battling to repatriate more than $461 million of its profit from the Democratic Republic of Congo, and resolve challenges with value added tax with the government in Tanzania.\nMeanwhile, bullion’s retreat from the highest level since January will mean that AngloGold may continue to underperform rivals, said Anchor Capital Investment’s analyst Seleho Tsatsi.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4838079,"gmtCreate":1623926412972,"gmtModify":1663229152645,"authorId":3578472165464903,"author":{"id":3578472165464903,"idStr":"3578472165464903","authorId":3578472165464903,"name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161677550,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":74,"commentSize":49,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}