Short Interest in AngloGold Ashanti plc (NYSE:AU) Rises By 10.8%

AngloGold Ashanti plc (NYSE:AU) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 13,220,000 shares, an increase of 10.8% from the October 31st total of 11,930,000 shares. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is currently 5.2 days.

Analyst Ratings Changes

A number of analysts have recently commented on AU shares. BMO Capital Markets boosted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target for the company in a research report on Thursday, November 21st. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Stock Down 1.2 %

NYSE AU traded down $0.31 on Monday, reaching $24.63. 3,073,018 shares of the company were exchanged, compared to its average volume of 2,175,386. The business’s fifty day moving average price is $27.03 and its 200 day moving average price is $27.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. AngloGold Ashanti has a fifty-two week low of $15.80 and a fifty-two week high of $32.57.

Hedge Funds Weigh In On AngloGold Ashanti

Large investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of 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 purchasing an additional 493 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of AngloGold Ashanti by 17.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after purchasing an additional 433 shares during the last quarter. Blue Trust Inc. lifted its stake in AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after acquiring an additional 2,679 shares in the last quarter. SG Americas Securities LLC acquired a new position in AngloGold Ashanti during the 3rd quarter worth about $126,000. Finally, Cigna Investments Inc. New acquired a new position in AngloGold Ashanti during the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

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.