Brokerages Set AngloGold Ashanti plc (NYSE:AU) PT at $33.67

AngloGold Ashanti plc (NYSE:AU) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.67.

A number of equities analysts have commented on AU shares. StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets lifted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a research report on Thursday. Finally, Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

AngloGold Ashanti Price Performance

Shares of AU opened at $25.95 on Tuesday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 8.11 and a beta of 0.96. AngloGold Ashanti has a 1-year low of $15.80 and a 1-year high of $32.57. The company’s fifty day simple moving average is $27.31 and its 200 day simple moving average is $26.99. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new position in AngloGold Ashanti in the first quarter valued at about $596,000. Frank Rimerman Advisors LLC acquired a new position in AngloGold Ashanti in the second quarter valued at about $2,002,000. US Bancorp DE raised its stake in AngloGold Ashanti by 748.1% during the first quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock worth $1,002,000 after acquiring an additional 39,819 shares in the last quarter. Oaktree Fund Advisors LLC raised its stake in AngloGold Ashanti by 10.5% during the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock worth $17,179,000 after acquiring an additional 64,993 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in AngloGold Ashanti during the second quarter worth about $227,000. Institutional investors and hedge funds 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.