Brokerages Set AngloGold Ashanti Limited (AU) Target Price at $12.43
Shares of AngloGold Ashanti Limited (NYSE:AU) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.43.
Several research firms recently commented on AU. Zacks Investment Research upgraded AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co upgraded AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a research report on Monday, October 16th. Finally, BidaskClub upgraded AngloGold Ashanti Limited from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.
A number of institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC grew its position in AngloGold Ashanti Limited by 23.8% during the third quarter. Gabelli Funds LLC now owns 1,199,200 shares of the mining company’s stock worth $11,141,000 after buying an additional 230,500 shares in the last quarter. Nationwide Fund Advisors grew its position in AngloGold Ashanti Limited by 202.5% during the third quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after buying an additional 16,296 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in AngloGold Ashanti Limited during the third quarter worth about $123,000. Exane Derivatives lifted its stake in AngloGold Ashanti Limited by 235.7% during the third quarter. Exane Derivatives now owns 145,754 shares of the mining company’s stock worth $1,354,000 after purchasing an additional 102,336 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in AngloGold Ashanti Limited by 22.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 29,292 shares of the mining company’s stock worth $285,000 after purchasing an additional 5,314 shares during the last quarter. Institutional investors and hedge funds own 32.83% of the company’s stock.
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About AngloGold Ashanti Limited
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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