AngloGold Ashanti plc (NYSE:AU) Short Interest Update

AngloGold Ashanti plc (NYSE:AU) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,540,000 shares, a decrease of 6.0% from the January 15th total of 4,830,000 shares. Based on an average daily trading volume, of 3,140,000 shares, the days-to-cover ratio is currently 1.4 days.

AngloGold Ashanti Trading Down 0.1 %

AU stock opened at $32.15 on Wednesday. AngloGold Ashanti has a 52-week low of $17.01 and a 52-week high of $33.77. The stock’s fifty day simple moving average is $27.09 and its 200-day simple moving average is $27.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

Institutional Investors Weigh In On AngloGold Ashanti

Hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of AngloGold Ashanti by 44.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 564,903 shares of the mining company’s stock worth $12,584,000 after buying an additional 173,188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AngloGold Ashanti by 25.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,564,634 shares of the mining company’s stock worth $36,112,000 after buying an additional 313,142 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth $24,741,000. Two Sigma Advisers LP purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth $1,566,000. Finally, Two Sigma Investments LP purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth $8,192,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on AU shares. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. 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 report on Tuesday, December 3rd. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.75.

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.