AngloGold Ashanti (NYSE:AU) Rating Lowered to Market Perform at BMO Capital Markets

AngloGold Ashanti (NYSE:AU) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Friday, The Fly reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Royal Bank of Canada lifted their price objective on shares of AngloGold Ashanti from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Bank of America upgraded shares of AngloGold Ashanti from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 21st. ValuEngine upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Deutsche Bank began coverage on shares of AngloGold Ashanti in a research note on Wednesday, June 17th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.70.

Shares of AU opened at $32.19 on Friday. AngloGold Ashanti has a 1-year low of $12.66 and a 1-year high of $38.50. The stock has a market cap of $13.35 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 0.77 and a beta of 0.25. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.10 and a quick ratio of 1.67. The firm has a fifty day moving average price of $29.72 and a 200 day moving average price of $23.53.

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

Several institutional investors have recently modified their holdings of the company. Comerica Bank increased its stake in shares of AngloGold Ashanti by 5.5% during the second quarter. Comerica Bank now owns 21,527 shares of the mining company’s stock worth $707,000 after acquiring an additional 1,114 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of AngloGold Ashanti during the second quarter worth about $233,000. Shilanski & Associates Inc. increased its stake in shares of AngloGold Ashanti by 5.2% during the second quarter. Shilanski & Associates Inc. now owns 10,685 shares of the mining company’s stock worth $316,000 after acquiring an additional 525 shares during the period. Avestar Capital LLC acquired a new position in shares of AngloGold Ashanti during the second quarter worth about $1,386,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AngloGold Ashanti by 198.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,015 shares of the mining company’s stock worth $266,000 after acquiring an additional 5,992 shares during the period. Institutional investors and hedge funds own 32.20% of the company’s stock.

About AngloGold Ashanti

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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