NEW YORK (TheStreet) -- AngloGold Ashanti  (AU) - Get Report stock is down 3.52% to $12.19 in mid-afternoon trading on Friday as gold prices drop. 

Gold prices are retreating due to a stronger dollar which makes the precious metal more expensive to foreign investors, the Wall Street Journal reports.

Additionally, gold prices are slipping due to a stronger stock market, and that makes gold less attractive as a safe-haven investment, according to the Journal. Gold prices have risen about 15% so far this year due to market volatility. 

Gold for April delivery is declining by 1.11% to $1,225 per ounce on the COMEX this afternoon. 

Based in South Africa, AngloGold Ashanti is a gold mining company with operations in countries such as Ghana, Australia, Brazil and the U.S.

Separately, AngloGold Ashanti has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's unimpressive growth in net income, generally high debt management risk, poor profit margins, weak operating cash flow and declining stock price.

You can view the full analysis from the report here: AU

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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