Shares of AngloGold Ashanti Ltd. (NYSE:AU) have received an average recommendation of “Buy” from the eight brokerages that are covering the firm. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $47.00.
Several research analysts recently commented on AU shares. Deutsche Bank AG lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, July 12th. Citigroup Inc. restated a “sell” rating on shares of AngloGold Ashanti in a report on Thursday, August 18th. Finally, Jefferies Group restated a “buy” rating on shares of AngloGold Ashanti in a report on Tuesday, August 23rd.
Several hedge funds 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 owned by institutional investors and hedge funds.
Shares of AngloGold Ashanti (NYSE:AU) traded down 0.74% on Friday, reaching $16.02. 1,403,201 shares of the company were exchanged. The stock has a market capitalization of $6.54 billion, a PE ratio of 59.78 and a beta of -0.75. AngloGold Ashanti has a 1-year low of $6.20 and a 1-year high of $22.91. The company has a 50-day moving average price of $17.39 and a 200 day moving average price of $16.77.
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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