AngloGold Ashanti plc (NYSE:AU) Given Consensus Rating of “Hold” by Analysts

AngloGold Ashanti plc (NYSE:AU) has earned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.67.

AU has been the topic of a number of recent analyst reports. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets increased their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research note on Thursday, November 21st. Finally, StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On AngloGold Ashanti

A number of institutional investors have recently bought and sold shares 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 grew its holdings in shares of AngloGold Ashanti by 17.3% during the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after buying an additional 433 shares in the last quarter. Blue Trust Inc. raised its position in 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 during the period. SG Americas Securities LLC purchased a new stake in AngloGold Ashanti in the 3rd quarter worth about $126,000. Finally, Toronto Dominion Bank acquired a new stake in AngloGold Ashanti during the 1st quarter worth about $118,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $25.20 on Tuesday. AngloGold Ashanti has a one year low of $15.80 and a one year high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $27.24 and its 200 day simple moving average is $27.05.

About AngloGold Ashanti

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.