AngloGold Ashanti (NYSE:AU) Reaches New 12-Month High at $29.58

Shares of AngloGold Ashanti Limited (NYSE:AU) hit a new 52-week high on Tuesday . The stock traded as high as $29.58 and last traded at $29.25, with a volume of 158284 shares changing hands. The stock had previously closed at $29.01.

Several brokerages have recently weighed in on AU. Zacks Investment Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Thursday, April 23rd. Bank of America raised shares of AngloGold Ashanti from an “underperform” rating to a “neutral” rating in a research report on Tuesday, April 21st. Deutsche Bank began coverage on shares of AngloGold Ashanti in a report on Wednesday, June 17th. They issued a “buy” rating on the stock. Royal Bank of Canada boosted their price objective on shares of AngloGold Ashanti from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, ValuEngine upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.70.

The stock has a market capitalization of $12.03 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 0.68 and a beta of 0.26. The firm’s fifty day moving average is $25.61 and its 200-day moving average is $21.79. The company has a current ratio of 2.10, a quick ratio of 1.67 and a debt-to-equity ratio of 1.07.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings results on Friday, June 5th. The mining company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $905.00 million for the quarter. As a group, equities analysts predict that AngloGold Ashanti Limited will post 1.91 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. increased its stake in shares of AngloGold Ashanti by 3.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 15,211 shares of the mining company’s stock worth $253,000 after buying an additional 522 shares during the period. Shilanski & Associates Inc. increased its stake in shares of AngloGold Ashanti by 5.4% during the first quarter. Shilanski & Associates Inc. now owns 10,160 shares of the mining company’s stock worth $169,000 after buying an additional 523 shares during the period. Advisor Group Inc. increased its stake in shares of AngloGold Ashanti by 6.5% during the fourth quarter. Advisor Group Inc. now owns 10,080 shares of the mining company’s stock worth $225,000 after buying an additional 617 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of AngloGold Ashanti by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 34,712 shares of the mining company’s stock worth $577,000 after buying an additional 857 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of AngloGold Ashanti by 9.0% during the fourth quarter. Quadrant Capital Group LLC now owns 14,781 shares of the mining company’s stock worth $326,000 after buying an additional 1,225 shares during the period. Institutional investors own 32.24% of the company’s stock.

AngloGold Ashanti Company Profile (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.

Featured Story: What is a Backdoor Roth IRA?

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.