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

AngloGold Ashanti plc (NYSE:AU) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research 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 1-year target price among brokers that have issued a report on the stock in the last year is $31.75.

AU has been the topic of a number of recent research reports. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, December 3rd. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. 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 research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, StockNews.com cut 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

Several hedge funds and other institutional investors have recently bought and sold shares of AU. Frank Rimerman Advisors LLC acquired a new position in AngloGold Ashanti during the 2nd quarter worth approximately $2,002,000. TT International Asset Management LTD lifted its holdings in shares of AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares in the last quarter. Oaktree Fund Advisors LLC grew its position in AngloGold Ashanti by 10.5% in the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after purchasing an additional 64,993 shares during the period. Charles Schwab Investment Management Inc. increased its stake in AngloGold Ashanti by 297.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock valued at $6,900,000 after purchasing an additional 193,992 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in 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 buying an additional 367,306 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 4.0 %

AngloGold Ashanti stock opened at $23.15 on Friday. The company’s 50-day moving average price is $26.52 and its two-hundred day moving average price is $27.10. 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 stock has a market cap of $9.72 billion, a P/E ratio of 7.23 and a beta of 0.94. AngloGold Ashanti has a twelve month low of $15.80 and a twelve month high of $32.57.

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.