Reported about 22 hours ago
Anglogold Ashanti (NYSE:AU), a gold mining company, is currently highlighted as a potential investment opportunity due to its strong recent performance and a forward P/E ratio of 10.91. The company is seeing increased revenue thanks to favorable gold prices, significant production increases, and a strategic acquisition to enhance its mining capabilities. Despite market volatility, analysts suggest focusing on fundamentals and believe that AU might be a solid choice among cheap stocks, ranking third on a list of attractive investment options.
Source: YAHOO