AngloGold Ashanti: the Impending US Shutdown Drives the Gold Stock

Impending US shutdown drives increased demand for the "safe haven" gold – with a moderate P/E ratio of ~13, there remains further upside potential for AngloGold Inclusion in the US index Russell 3000 increases visibility and access to institutional investors Return to profitability AngloGold Ashanti is one of the largest gold producers in the world. With mines in Africa, South America, and Australia, the company is broadly diversified – both geographically and in terms of the quality of the deposits. After challenging years, the...