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

Shares of AngloGold Ashanti plc (NYSE:AU) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. One 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 brokerages that have covered the stock in the last year is $31.75.

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

Hedge Funds Weigh In On AngloGold Ashanti

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in AngloGold Ashanti by 26.1% in the 2nd 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. Blue Trust Inc. boosted its holdings in AngloGold Ashanti by 338.3% during the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after buying an additional 2,679 shares in the last quarter. SG Americas Securities LLC bought a new stake in AngloGold Ashanti during the third quarter worth approximately $126,000. Ritholtz Wealth Management acquired a new position in AngloGold Ashanti in the third quarter worth approximately $222,000. Finally, Atomi Financial Group Inc. bought a new position in shares of AngloGold Ashanti in the second quarter valued at $227,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Trading Up 2.8 %

Shares of NYSE AU opened at $23.90 on Friday. AngloGold Ashanti has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 7.47 and a beta of 0.94. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $27.07.

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.