AngloGold Ashanti (AU) has recently undergone corporate restructuring, relocating its primary listing from the Johannesburg Stock Exchange to the New York Stock Exchange (NYSE). This move is coupled with a bullish outlook for future growth.
Key Highlights:
Corporate Restructuring: AU completed its corporate restructuring by shifting its primary listing to the NYSE, enhancing its international presence. Modest Net Income Growth: Despite a 9.2% net income growth over the past five years, AU demonstrates a bullish strategy for future expansion. Shareholder Payout Ratio: The three-year median payout ratio to shareholders is 24%, indicating significant reinvestment of profits for business growth. Bullish Stance and Price Targets: AU is anticipated to perform well above $17.00-$18.00. The upside target is set at $26.00-$27.00.