AngloGold Ashanti (NYSE:AU) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

AU has been the subject of a number of other reports. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Scotiabank restated a “sector underperform” rating and set a $30.00 price target (up previously from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. BMO Capital Markets lifted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus target price of $33.67.

AngloGold Ashanti Stock Performance

AngloGold Ashanti stock opened at $23.83 on Tuesday. AngloGold Ashanti has a 12 month low of $15.80 and a 12 month high of $32.57. The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $26.93. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48.

Institutional Investors Weigh In On AngloGold Ashanti

Large investors have recently modified their holdings of the stock. CWM LLC grew its position in AngloGold Ashanti by 26.1% during the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of AngloGold Ashanti by 17.3% in the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after buying an additional 433 shares during the period. Blue Trust Inc. grew its holdings in shares of AngloGold Ashanti by 338.3% during the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after buying an additional 2,679 shares in the last quarter. SG Americas Securities LLC acquired a new position in AngloGold Ashanti during the third quarter valued at $126,000. Finally, Toronto Dominion Bank purchased a new stake in AngloGold Ashanti in the 1st quarter worth about $118,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.