AngloGold Ashanti Limited (AU) Receives Average Rating of “Hold” from Brokerages
AngloGold Ashanti Limited (NYSE:AU) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.50.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded shares of AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price target on the stock in a report on Monday, November 13th. upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, ValuEngine downgraded shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.
In related news, Director Lotan Holdings Inc. purchased 50,000 shares of AngloGold Ashanti stock in a transaction on Tuesday, January 23rd. The shares were bought at an average cost of $0.92 per share, for a total transaction of $46,000.00.
Shares of AngloGold Ashanti (NYSE AU) traded up $0.56 during mid-day trading on Wednesday, hitting $10.22. 4,230,000 shares of the stock traded hands, compared to its average volume of 3,180,000. The company has a market cap of $4,260.00, a P/E ratio of -25.55, a price-to-earnings-growth ratio of 0.22 and a beta of -1.18. AngloGold Ashanti has a 12-month low of $8.86 and a 12-month high of $13.42. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88.
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About AngloGold Ashanti
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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