AngloGold Ashanti Limited (NYSE:AU) Receives Average Rating of “Hold” from Brokerages

AngloGold Ashanti Limited (NYSE:AU) has received an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.54.

Several research analysts have commented on AU shares. Goldman Sachs Group raised AngloGold Ashanti from a “neutral” rating to a “buy” rating in a research report on Friday, October 18th. ValuEngine cut AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on shares of AngloGold Ashanti from $26.60 to $26.10 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in AngloGold Ashanti by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 75,317 shares of the mining company’s stock worth $1,376,000 after buying an additional 777 shares in the last quarter. US Bancorp DE increased its position in AngloGold Ashanti by 23.9% in the 2nd quarter. US Bancorp DE now owns 4,781 shares of the mining company’s stock valued at $85,000 after acquiring an additional 923 shares in the last quarter. Quadrant Capital Group LLC increased its position in AngloGold Ashanti by 9.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 13,556 shares of the mining company’s stock valued at $246,000 after acquiring an additional 1,123 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of AngloGold Ashanti by 10.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,757 shares of the mining company’s stock worth $245,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Voya Financial Advisors Inc. raised its stake in shares of AngloGold Ashanti by 10.2% in the third quarter. Voya Financial Advisors Inc. now owns 14,849 shares of the mining company’s stock worth $283,000 after acquiring an additional 1,369 shares during the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Shares of NYSE:AU opened at $19.27 on Wednesday. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 0.48 and a beta of -0.99. The business has a 50 day moving average price of $19.85 and a 200 day moving average price of $18.93. The company has a quick ratio of 0.43, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. AngloGold Ashanti has a twelve month low of $11.23 and a twelve month high of $23.85.

AngloGold Ashanti Company Profile

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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Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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