AngloGold Ashanti is trading 5.34% down at $102.73 after BMO Capital downgraded the shares from Outperform to Market Perform while keeping its $115 price target.
- BMO cited the stock’s meaningful premium to net asset value following strong relative outperformance.
- September 10 market weakness and elevated inflation concerns may be adding to downside, but the downgrade is the clearest catalyst.