AngloGold Ashanti plc (NYSE:AU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.75.
Several brokerages have commented on AU. JPMorgan Chase & Co. decreased their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. StockNews.com cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Tuesday, December 3rd. Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price target on the stock in a report on Thursday, November 21st. Finally, Investec raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th.
Read Our Latest Stock Report on AngloGold Ashanti
NYSE:AU opened at $24.94 on Friday. The stock has a fifty day simple moving average of $26.65 and a 200 day simple moving average of $27.08. AngloGold Ashanti has a 1-year low of $15.80 and a 1-year high of $32.57. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
Several hedge funds have recently bought and sold shares of the company. CWM LLC grew 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 buying an additional 493 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 2,679 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of AngloGold Ashanti during the 3rd quarter valued at $126,000. Ritholtz Wealth Management acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $222,000. Finally, Atomi Financial Group Inc. bought a new stake in AngloGold Ashanti in the second quarter worth $227,000. 36.09% of the stock is owned by institutional investors and hedge funds.
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.
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