AngloGold Ashanti Limited (NYSE:AU)’s share price dropped 5.4% during trading on Friday . The company traded as low as $18.74 and last traded at $18.77, approximately 3,768,469 shares were traded during trading. An increase of 11% from the average daily volume of 3,410,152 shares. The stock had previously closed at $19.84.
AU has been the subject of a number of research analyst reports. Goldman Sachs Group raised AngloGold Ashanti from a “neutral” rating to a “buy” rating in a research note on Friday, October 18th. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. ValuEngine lowered shares of AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $26.60 to $26.10 and set an “overweight” rating for the company in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.23.
The company has a 50-day simple moving average of $20.00 and a two-hundred day simple moving average of $18.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.90. The firm has a market capitalization of $8.21 billion, a P/E ratio of 35.42, a PEG ratio of 0.48 and a beta of -0.99.
About AngloGold Ashanti (NYSE:AU)
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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