11 Cheap Gold Stocks to Buy According to Hedge Funds

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6. AngloGold Ashanti plc (NYSE:AU)

Forward P/E: 10.45

Number of Hedge Fund Holders: 28

AngloGold Ashanti plc (NYSE:AU) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. Roth Capital analyst Joe Reagor initiated coverage of AngloGold Ashanti plc (NYSE:AU) with a Buy rating on June 12, setting a $52 price target. The firm reasoned that the company has a “strong plan for growth,” with its management focused on organic development and acquisitions.

The analyst also reasoned in a research note that AngloGold Ashanti plc (NYSE:AU) is an attractive investment for generalist investors because of its new dividend policy and strong gold price leverage.

Based in the UK, AngloGold Ashanti plc (NYSE: AU) is an independent global gold mining company with a diverse portfolio of exploration activities, projects, and operations spanning nine countries across four continents. The company’s portfolio spans the Americas, Africa, and Australia. It also produces sulphuric acid and silver as by-products.

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