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.

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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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