AngloGold Ashanti (NYSE:AU) Sets New 52-Week High at $21.74
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.
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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