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.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of AngloGold Ashanti by 1,417.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 175,405 shares of the mining company’s stock worth $1,705,000 after buying an additional 163,847 shares in the last quarter. FMR LLC grew its stake in shares of AngloGold Ashanti by 1.3% in the 2nd quarter. FMR LLC now owns 3,838,325 shares of the mining company’s stock worth $37,309,000 after buying an additional 48,640 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of AngloGold Ashanti by 540.9% in the 2nd quarter. OxFORD Asset Management LLP now owns 88,817 shares of the mining company’s stock worth $863,000 after buying an additional 74,958 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in shares of AngloGold Ashanti in the 2nd quarter worth $183,000. Finally, State Street Corp grew its stake in shares of AngloGold Ashanti by 17.4% in the 2nd quarter. State Street Corp now owns 160,609 shares of the mining company’s stock worth $1,560,000 after buying an additional 23,804 shares in the last quarter. Institutional investors own 30.85% of the company’s stock.

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.

COPYRIGHT VIOLATION WARNING: This piece was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://theolympiareport.com/2018/02/12/anglogold-ashanti-limited-au-receives-average-rating-of-hold-from-brokerages.html.

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.

Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.