AngloGold Ashanti Limited (AU) Upgraded to Hold by BidaskClub

AngloGold Ashanti Limited (NYSE:AU) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

AU has been the topic of several other reports. Zacks Investment Research raised shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Goldman Sachs Group, Inc. (The) downgraded shares of AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a research note on Monday, April 24th. Royal Bank Of Canada downgraded shares of AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $11.96 to $12.43 in a research note on Monday, April 24th. They noted that the move was a valuation call. Bank of America Corporation raised shares of AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 5th. Finally, CIBC downgraded shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. AngloGold Ashanti Limited currently has an average rating of “Hold” and a consensus price target of $13.22.

AngloGold Ashanti Limited (NYSE AU) traded down 3.45% during trading on Wednesday, reaching $10.06. 2,607,625 shares of the company were exchanged. AngloGold Ashanti Limited has a one year low of $9.28 and a one year high of $22.91. The company has a market capitalization of $4.11 billion, a P/E ratio of 67.07 and a beta of -1.40. The firm’s 50-day moving average is $11.30 and its 200 day moving average is $11.45.

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In other AngloGold Ashanti Limited news, Director Matti Talikka sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $1.63, for a total value of $163,000.00. Also, insider David Loveys sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $1.63, for a total value of $203,750.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ellington Management Group LLC purchased a new position in AngloGold Ashanti Limited during the fourth quarter worth approximately $170,000. Comerica Bank increased its stake in shares of AngloGold Ashanti Limited by 1.3% in the first quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock worth $263,000 after buying an additional 306 shares in the last quarter. World Asset Management Inc increased its stake in shares of AngloGold Ashanti Limited by 1.2% in the first quarter. World Asset Management Inc now owns 25,360 shares of the mining company’s stock worth $273,000 after buying an additional 308 shares in the last quarter. Rathbone Brothers plc increased its stake in shares of AngloGold Ashanti Limited by 29.1% in the first quarter. Rathbone Brothers plc now owns 25,508 shares of the mining company’s stock worth $275,000 after buying an additional 5,750 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock worth $276,000 after buying an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 35.86% of the company’s stock.

AngloGold Ashanti Limited 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.

Analyst Recommendations for AngloGold Ashanti Limited (NYSE:AU)

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