AngloGold Ashanti plc (NYSE:AU) Given Average Rating of “Hold” by Brokerages

Shares of AngloGold Ashanti plc (NYSE:AU) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $33.67.

AU has been the topic of a number of recent research reports. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets boosted their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research report on Thursday, November 21st. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th.

Hedge Funds Weigh In On AngloGold Ashanti

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of AngloGold Ashanti by 748.1% during the 1st quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock worth $1,002,000 after buying an additional 39,819 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in AngloGold Ashanti during the first quarter valued at about $596,000. Vanguard Group Inc. boosted its holdings in AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock valued at $373,154,000 after acquiring an additional 65,025 shares during the period. Toronto Dominion Bank acquired a new stake in shares of AngloGold Ashanti in the first quarter valued at about $118,000. Finally, Bayesian Capital Management LP bought a new position in shares of AngloGold Ashanti in the first quarter worth about $256,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Down 2.9 %

Shares of NYSE:AU opened at $25.20 on Tuesday. The firm has a fifty day moving average of $27.24 and a two-hundred day moving average of $27.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19. AngloGold Ashanti has a 12-month low of $15.80 and a 12-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.