AngloGold Ashanti (NYSE:AU) Given “Outperform” Rating at Royal Bank of Canada

AngloGold Ashanti (NYSE:AU)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $36.00 target price on the mining company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 9.20% from the stock’s previous close.

Several other analysts also recently commented on the company. 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 research note 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, JPMorgan Chase & Co. decreased their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.00.

AngloGold Ashanti Stock Performance

AU traded up $1.92 during midday trading on Thursday, reaching $32.97. The company’s stock had a trading volume of 1,006,799 shares, compared to its average volume of 2,401,360. The stock’s 50-day moving average is $27.29 and its 200-day moving average is $27.62. AngloGold Ashanti has a 1 year low of $17.01 and a 1 year high of $33.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. As a group, equities research analysts expect that AngloGold Ashanti will post 2.81 EPS for the current fiscal year.

Institutional Trading of AngloGold Ashanti

Several large investors have recently modified their holdings of the company. US Bancorp DE boosted its position in AngloGold Ashanti by 1.0% in the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after purchasing an additional 466 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of AngloGold Ashanti by 9.4% in the 4th quarter. NewEdge Advisors LLC now owns 5,799 shares of the mining company’s stock worth $134,000 after purchasing an additional 500 shares during the period. Sprott Inc. boosted its holdings in shares of AngloGold Ashanti by 0.7% in the fourth quarter. Sprott Inc. now owns 91,168 shares of the mining company’s stock worth $2,104,000 after buying an additional 662 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock valued at $27,000 after buying an additional 796 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in AngloGold Ashanti by 10.5% during the fourth quarter. Quadrant Capital Group LLC now owns 8,860 shares of the mining company’s stock valued at $204,000 after buying an additional 844 shares during the last quarter. Institutional investors 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.