AngloGold Ashanti plc (NYSE:AU) Receives Average Rating of “Hold” from Analysts

AngloGold Ashanti plc (NYSE:AU) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $33.67.

A number of brokerages have commented on AU. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Scotiabank reiterated a “sector underperform” rating and set a $30.00 target price (up previously from $27.00) on shares of AngloGold Ashanti in a research note on Monday, August 19th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of AngloGold Ashanti during the 1st quarter worth about $596,000. Frank Rimerman Advisors LLC acquired a new position in AngloGold Ashanti in the second quarter valued at approximately $2,002,000. US Bancorp DE boosted its position in shares of AngloGold Ashanti by 748.1% in the 1st quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock worth $1,002,000 after purchasing an additional 39,819 shares during the last quarter. Oaktree Fund Advisors LLC boosted its holdings in AngloGold Ashanti by 10.5% during the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock worth $17,179,000 after buying an additional 64,993 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in AngloGold Ashanti during the second quarter valued at approximately $227,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 4.1 %

AU opened at $24.80 on Tuesday. The firm has a 50 day moving average price of $27.60 and a 200 day moving average price of $26.98. AngloGold Ashanti has a 1 year low of $15.80 and a 1 year high of $32.57. 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 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.