AngloGold Ashanti Ltd. (NYSE:AU) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 1,148,018 shares, a drop of 26.6% from the August 31st total of 1,564,109 shares. Based on an average daily volume of 4,152,771 shares, the short-interest ratio is currently 0.3 days.
AngloGold Ashanti (NYSE:AU) opened at 13.43 on Friday. The firm has a market capitalization of $5.48 billion, a PE ratio of 50.11 and a beta of -0.93. The stock’s 50 day moving average price is $16.33 and its 200 day moving average price is $16.82. AngloGold Ashanti has a 12 month low of $6.20 and a 12 month high of $22.91.
A number of large investors have recently added to or reduced their stakes in AU. Seven Eight Capital LLC increased its stake in AngloGold Ashanti by 40.7% in the first quarter. Seven Eight Capital LLC now owns 7,600 shares of the mining company’s stock worth $104,000 after buying an additional 2,200 shares during the last quarter. Invictus RG bought a new stake in AngloGold Ashanti during the second quarter worth $154,000. Principal Financial Group Inc. bought a new stake in AngloGold Ashanti during the second quarter worth $186,000. Bailard Inc. increased its stake in AngloGold Ashanti by 9.2% in the second quarter. Bailard Inc. now owns 13,106 shares of the mining company’s stock worth $237,000 after buying an additional 1,106 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in AngloGold Ashanti by 17.8% in the second quarter. Stifel Financial Corp now owns 14,717 shares of the mining company’s stock worth $267,000 after buying an additional 2,227 shares during the last quarter. 39.88% of the stock is currently owned by institutional investors.
AU has been the topic of several analyst reports. Jefferies Group restated a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday, August 23rd. Citigroup Inc. restated a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday, August 18th. Deutsche Bank AG cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Zacks Investment Research upgraded AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $47.00.
AngloGold Ashanti Company Profile
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
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