AngloGold Ashanti Limited (NYSE:AU) hit a new 52-week high during trading on Tuesday . The stock traded as high as $21.74 and last traded at $21.67, with a volume of 1648639 shares trading hands. The stock had previously closed at $20.28.

Several analysts have commented on the stock. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 price objective for the company in a research note on Wednesday, June 26th. ValuEngine cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of 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, August 15th. Finally, BMO Capital Markets upgraded shares of AngloGold Ashanti from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.76.

The company has a market cap of $8.43 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 0.42 and a beta of -0.79. The firm’s fifty day moving average is $19.20 and its 200 day moving average is $15.01. The company has a current ratio of 0.90, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Several institutional investors have recently added to or reduced their stakes in AU. O Shaughnessy Asset Management LLC purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at about $31,000. Investors Research Corp purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at about $34,000. Parallel Advisors LLC grew its holdings in shares of AngloGold Ashanti by 458.8% in the second quarter. Parallel Advisors LLC now owns 2,157 shares of the mining company’s stock valued at $38,000 after purchasing an additional 1,771 shares during the period. Signaturefd LLC grew its holdings in shares of AngloGold Ashanti by 60.9% in the first quarter. Signaturefd LLC now owns 2,962 shares of the mining company’s stock valued at $39,000 after purchasing an additional 1,121 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in shares of AngloGold Ashanti by 50.9% in the second quarter. Lindbrook Capital LLC now owns 2,585 shares of the mining company’s stock valued at $46,000 after purchasing an additional 872 shares during the period. 36.37% of the stock is owned by institutional investors and hedge funds.

About AngloGold Ashanti (NYSE:AU)

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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