AngloGold Ashanti (NYSE:AU) Raised to “Sector Perform” at Scotiabank

Scotiabank upgraded shares of AngloGold Ashanti (NYSE:AU) from a sector underperform rating to a sector perform rating in a report released on Thursday, Marketbeat Ratings reports. Scotiabank currently has $30.00 price target on the mining company’s stock.

Several other analysts have also weighed in on the company. StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets lifted their price objective on 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. lifted their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Trading Up 3.0 %

Shares of NYSE:AU opened at $25.95 on Thursday. AngloGold Ashanti has a 1-year low of $15.80 and a 1-year high of $32.57. The business’s 50 day moving average is $27.31 and its 200-day moving average is $27.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently made changes to their positions in AU. FMR LLC raised its position in shares of AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after acquiring an additional 2,957,304 shares during the last quarter. TT International Asset Management LTD raised its position in shares of 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 worth $75,525,000 after acquiring an additional 962,141 shares during the last quarter. Barings LLC raised its position 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 acquiring an additional 878,717 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AngloGold Ashanti by 159.0% during the third 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 acquiring an additional 768,363 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of AngloGold Ashanti by 1,504.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock worth $10,419,000 after acquiring an additional 367,306 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

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.