AngloGold Ashanti (NYSE:AU) Earns “Buy” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their buy rating on shares of AngloGold Ashanti (NYSE:AU) in a report released on Thursday, AR Network reports.

AU has been the topic of several other reports. BMO Capital Markets cut AngloGold Ashanti from an outperform rating to a market perform rating in a research report on Friday, July 31st. Fundamental Research reissued a buy rating and issued a $48.29 target price on shares of AngloGold Ashanti in a research report on Thursday, August 27th. Zacks Investment Research raised AngloGold Ashanti from a hold rating to a buy rating and set a $29.00 target price on the stock in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on AngloGold Ashanti in a research report on Wednesday, June 17th. They issued a buy rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $36.10.

AngloGold Ashanti stock opened at $26.65 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.65 and a quick ratio of 1.99. AngloGold Ashanti has a one year low of $12.66 and a one year high of $38.50. The stock has a market capitalization of $11.05 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 0.45 and a beta of 0.48. The business’s fifty day moving average is $27.67 and its 200 day moving average is $26.81.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Balentine LLC bought a new position in shares of AngloGold Ashanti in the second quarter worth about $28,000. Captrust Financial Advisors bought a new position in shares of AngloGold Ashanti in the second quarter worth about $38,000. CWM LLC raised its stake in shares of AngloGold Ashanti by 87.2% in the second quarter. CWM LLC now owns 4,077 shares of the mining company’s stock worth $120,000 after buying an additional 1,899 shares during the period. IFP Advisors Inc bought a new position in shares of AngloGold Ashanti in the second quarter worth about $132,000. Finally, Assetmark Inc. bought a new position in shares of AngloGold Ashanti in the second quarter worth about $143,000. 32.80% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and three projects in nine countries in South Africa, Continental Africa, the Americas, and Australia. 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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