Shares of AngloGold Ashanti Limited (NYSE:AU) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.76.

Several analysts have recently commented on AU shares. Zacks Investment Research raised AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday. BMO Capital Markets raised AngloGold Ashanti from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, June 27th. ValuEngine downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 price target for the company in a research report on Wednesday, June 26th.

Several institutional investors and hedge funds have recently modified their holdings of AU. AQR Capital Management LLC increased its position in shares of AngloGold Ashanti by 351.6% during the second quarter. AQR Capital Management LLC now owns 4,096,410 shares of the mining company’s stock valued at $72,957,000 after acquiring an additional 3,189,262 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of AngloGold Ashanti by 17.3% in the second quarter. BlackRock Inc. now owns 17,378,854 shares of the mining company’s stock worth $309,518,000 after acquiring an additional 2,564,271 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of AngloGold Ashanti by 480.5% in the first quarter. Acadian Asset Management LLC now owns 2,772,905 shares of the mining company’s stock worth $36,324,000 after acquiring an additional 2,295,235 shares during the period. Bamco Inc. NY bought a new position in shares of AngloGold Ashanti in the second quarter worth $32,246,000. Finally, USS Investment Management Ltd boosted its holdings in shares of AngloGold Ashanti by 165.9% in the first quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after acquiring an additional 1,410,000 shares during the period. 38.14% of the stock is owned by institutional investors.

Shares of AngloGold Ashanti stock traded up $0.20 on Thursday, hitting $20.34. The company had a trading volume of 3,743,300 shares, compared to its average volume of 3,542,407. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 0.55 and a beta of -0.79. AngloGold Ashanti has a 1 year low of $7.07 and a 1 year high of $21.74. The stock has a 50 day moving average of $18.77 and a 200-day moving average of $14.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.55.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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