AngloGold Ashanti (NYSE:AU) Sees Large Volume Increase

AngloGold Ashanti Limited (NYSE:AUGet Rating) shares saw strong trading volume on Tuesday . 217,491 shares traded hands during trading, a decline of 94% from the previous session’s volume of 3,415,033 shares.The stock last traded at $18.12 and had previously closed at $17.15.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Investec cut AngloGold Ashanti from a “buy” rating to a “sell” rating in a report on Friday, September 30th. StockNews.com assumed coverage on AngloGold Ashanti in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price target on AngloGold Ashanti from $16.00 to $20.00 in a report on Wednesday.

AngloGold Ashanti Stock Up 1.0 %

The company has a 50 day moving average price of $14.37 and a 200 day moving average price of $15.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 2.09.

Institutional Investors Weigh In On AngloGold Ashanti

Hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at $32,000. Lindbrook Capital LLC increased its stake in shares of AngloGold Ashanti by 83.0% in the 2nd quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company’s stock valued at $42,000 after buying an additional 1,298 shares during the period. Ronald Blue Trust Inc. acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at $91,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $90,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $204,000. 25.23% of the stock is owned by institutional investors and hedge funds.

About AngloGold Ashanti

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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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