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HGMCF - AngloGold Ashanti: The Stock Has More Room To Run
Harmony Gld Mng Ltd Ord
AngloGold Ashanti has just provided its Q3 update and boosted its dividend payout ratio.
Not surprisingly, the stock rallied after the announcement about a higher dividend.
While AngloGold Ashanti shares were up by about 9% at the time of writing, there's more room to run as the company remains very conservatively valued compared to peers.