AngloGold Ashanti Limited (NYSE:AU) has earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.50.
Several research firms have weighed in on AU. Zacks Investment Research downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. ValuEngine downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
Get AngloGold Ashanti alerts:AngloGold Ashanti traded down $0.03, hitting $8.59, during midday trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 1,480,000 shares, compared to its average volume of 3,628,488. AngloGold Ashanti has a 12 month low of $7.81 and a 12 month high of $12.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.57 and a quick ratio of 0.63. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 143.17 and a beta of -1.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of AngloGold Ashanti by 38.5% during the 1st quarter. BlackRock Inc. now owns 25,975,108 shares of the mining company’s stock valued at $246,504,000 after acquiring an additional 7,226,555 shares during the last quarter. Van ECK Associates Corp increased its stake in AngloGold Ashanti by 3.1% in the first quarter. Van ECK Associates Corp now owns 19,455,936 shares of the mining company’s stock worth $184,637,000 after purchasing an additional 583,710 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AngloGold Ashanti by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 12,718,774 shares of the mining company’s stock valued at $120,701,000 after buying an additional 91,160 shares during the period. Oaktree Capital Management LP increased its stake in shares of AngloGold Ashanti by 0.4% during the first quarter. Oaktree Capital Management LP now owns 3,384,965 shares of the mining company’s stock valued at $32,123,000 after buying an additional 14,643 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of AngloGold Ashanti by 233.0% during the fourth quarter. Deutsche Bank AG now owns 3,336,817 shares of the mining company’s stock valued at $34,002,000 after buying an additional 2,334,622 shares during the period. Hedge funds and other institutional investors own 32.96% of the company’s stock.
AngloGold Ashanti Company Profile
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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