Scotiabank Upgrades AngloGold Ashanti (NYSE:AU) to Sector Perform

AngloGold Ashanti (NYSE:AU) was upgraded by Scotiabank from a “sector underperform” rating to a “sector perform” rating in a research report issued on Thursday, Marketbeat Ratings reports.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets upped their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $24.54 on Thursday. AngloGold Ashanti has a 52 week low of $15.80 and a 52 week high of $32.57. The company has a 50-day simple moving average of $27.41 and a 200 day simple moving average of $26.99. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48.

Institutional Trading of AngloGold Ashanti

Several large investors have recently modified their holdings of the stock. Chesapeake Capital Corp IL lifted its position 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 during the period. GAMMA Investing LLC lifted its holdings in shares of AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after acquiring an additional 433 shares during the period. US Bancorp DE boosted its position in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after acquiring an additional 466 shares in the last quarter. CWM LLC increased its stake in AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after acquiring an additional 493 shares during the last quarter. Finally, Sei Investments Co. raised its position in AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 656 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

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.