AngloGold Ashanti plc (NYSE:AU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AngloGold Ashanti plc (NYSE:AU) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.75.

Several research analysts recently issued reports on AU shares. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Tuesday, December 3rd. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $26.03 on Wednesday. AngloGold Ashanti has a twelve month low of $15.80 and a twelve month high of $32.57. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $10.93 billion, a PE ratio of 8.13 and a beta of 0.94. The company’s 50 day moving average is $24.85 and its 200 day moving average is $27.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of AngloGold Ashanti in the third quarter valued at about $126,000. JPMorgan Chase & Co. boosted its holdings in shares of AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock worth $127,000 after purchasing an additional 3,782 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of AngloGold Ashanti by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock worth $151,000 after purchasing an additional 2,520 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $222,000. Finally, International Assets Investment Management LLC purchased a new position in AngloGold Ashanti during the third quarter worth approximately $3,010,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.