AngloGold Ashanti Limited (NYSE:AU) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $18.01.
Several research analysts recently issued reports on AU shares. BMO Capital Markets raised AngloGold Ashanti from a “market perform” rating to an “outperform” rating and upped their target price for the company from $16.00 to $21.00 in a research report on Thursday, June 27th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 price objective on the stock in a report on Wednesday, June 26th. Zacks Investment Research raised AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 9th. Finally, ValuEngine lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.
Several hedge funds have recently made changes to their positions in AU. Acadian Asset Management LLC boosted its stake in shares of AngloGold Ashanti by 480.5% in the first quarter. Acadian Asset Management LLC now owns 2,772,905 shares of the mining company’s stock worth $36,324,000 after buying an additional 2,295,235 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of AngloGold Ashanti by 165.9% in the first quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after buying an additional 1,410,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AngloGold Ashanti by 147.6% in the first quarter. JPMorgan Chase & Co. now owns 1,857,528 shares of the mining company’s stock worth $24,334,000 after buying an additional 1,107,350 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of AngloGold Ashanti in the second quarter worth about $16,398,000. Finally, LGT Capital Partners LTD. boosted its stake in shares of AngloGold Ashanti by 145.6% in the second quarter. LGT Capital Partners LTD. now owns 1,551,566 shares of the mining company’s stock worth $27,633,000 after buying an additional 919,866 shares during the last quarter. 38.14% of the stock is currently owned by institutional investors and hedge funds.
AU traded down $0.53 during trading hours on Thursday, reaching $19.57. 5,198,758 shares of the company’s stock traded hands, compared to its average volume of 3,533,231. The company’s 50-day moving average price is $18.60. AngloGold Ashanti has a 52-week low of $7.07 and a 52-week high of $21.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 0.55 and a beta of -0.79.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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