Brokerages Set AngloGold Ashanti plc (NYSE:AU) Price Target at $33.67

AngloGold Ashanti plc (NYSE:AU) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.67.

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price for the company in a report on Thursday. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

AngloGold Ashanti Stock Performance

NYSE AU opened at $25.20 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. AngloGold Ashanti has a 1 year low of $15.80 and a 1 year high of $32.57. The company has a fifty day moving average of $27.41 and a two-hundred day moving average of $26.99.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Chesapeake Capital Corp IL raised its holdings in AngloGold Ashanti by 3.1% during the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after purchasing an additional 429 shares in the last quarter. GAMMA Investing LLC raised its holdings in AngloGold Ashanti by 17.3% during the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after purchasing an additional 433 shares in the last quarter. US Bancorp DE raised its holdings in AngloGold Ashanti by 1.0% during the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after purchasing an additional 466 shares in the last quarter. CWM LLC raised its holdings in AngloGold Ashanti by 26.1% during the second 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. Finally, Sei Investments Co. raised its holdings in AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after purchasing an additional 656 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

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.