NEW YORK (TheStreet) -- Shares of AngloGold Ashanti (AU) are rising, up 2.23% to $11.45 in midday trading Thursday, as gold prices climb to reach a three month high after mixed U.S. data pushed back expectations of when interest rates will rise, according to Reuters.
Weekly jobless claims fell last week, but producer price index showed that a strong dollar and lower oil prices suppressed producer inflation in April, Reuters reports.
Spot gold prices rallied to the highest level since Feb. 17 at $1,226.20 an ounce earlier today, and was last trading at $1,223.14 an ounce as of 12:32 p.m. ET today.
U.S. gold futures for June delivery were up 0.4% to $1,223.10 an ounce as of 12:22 p.m. ET.
South Africa-based AngloGold Ashanti is a gold mining and exploration company with a portfolio of mining operations and projects on four continents.
The company works across the spectrum of the mining value chain.
Separately, TheStreet Ratings team rates ANGLOGOLD ASHANTI LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ANGLOGOLD ASHANTI LTD (AU) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."