AngloGold Ashanti Limited (NYSE:AU)’s share price was up 5.8% during trading on Monday . The stock traded as high as $10.31 and last traded at $10.22. Approximately 4,229,647 shares were traded during trading, an increase of 30% from the average daily volume of 3,262,722 shares. The stock had previously closed at $9.66.

A number of brokerages have issued reports on AU. ValuEngine lowered AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Deutsche Bank raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 target price on the stock in a research report on Monday, November 13th. raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.75.

The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88.

In other news, Director Lotan Holdings Inc. purchased 50,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was acquired at an average cost of $0.92 per share, for a total transaction of $46,000.00.

Several hedge funds and other institutional investors have recently modified their holdings of AU. JPMorgan Chase & Co. increased its holdings 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 valued at $1,705,000 after acquiring an additional 163,847 shares during the last quarter. FMR LLC increased its holdings 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 valued at $37,309,000 after acquiring an additional 48,640 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at approximately $183,000. State Street Corp increased its holdings 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 valued at $1,560,000 after acquiring an additional 23,804 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at approximately $442,000. Institutional investors and hedge funds own 30.85% of the company’s stock.

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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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