AngloGold Ashanti plc (NYSE:AU) Given Average Recommendation of “Moderate Buy” by Analysts

AngloGold Ashanti plc (NYSE:AU) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.75.

A number of brokerages have weighed in on AU. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, December 3rd. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Institutional Investors Weigh In On AngloGold Ashanti

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of AngloGold Ashanti by 39.5% in the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after acquiring an additional 2,957,304 shares during the last quarter. TT International Asset Management LTD increased its stake in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Barings LLC raised its holdings in shares of AngloGold Ashanti by 395.0% during the second quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock worth $27,818,000 after purchasing an additional 878,717 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AngloGold Ashanti by 159.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company’s stock worth $33,327,000 after buying an additional 768,363 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock valued at $10,419,000 after buying an additional 367,306 shares during the period. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 2.8 %

Shares of AngloGold Ashanti stock opened at $23.90 on Friday. AngloGold Ashanti has a fifty-two week low of $15.80 and a fifty-two week high of $32.57. The business’s fifty day moving average is $26.38 and its two-hundred day moving average is $27.07. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $10.03 billion, a PE ratio of 7.47 and a beta of 0.94.

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.