AngloGold Ashanti plc (NYSE:AU – Get Free Report) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $31.75.
A number of equities analysts have recently weighed in on the company. 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. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. 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 research note on Thursday, November 21st. JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.
Check Out Our Latest Research Report on AU
AngloGold Ashanti Stock Up 3.4 %
Institutional Investors Weigh In On AngloGold Ashanti
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after purchasing an additional 2,957,304 shares during the last quarter. TT International Asset Management LTD grew its stake 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 buying an additional 962,141 shares during the last quarter. Barings LLC lifted its stake in shares of AngloGold Ashanti by 395.0% in the 2nd quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock valued at $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 boosted its holdings in shares of AngloGold Ashanti by 159.0% during 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 valued at $33,327,000 after acquiring an additional 768,363 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in 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 worth $10,419,000 after purchasing an additional 367,306 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.
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.
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