Africa-Press – Ghana. Shares of AngloGold Ashanti Limited (NYSE:AU) have received a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $23.67.
AU has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of AngloGold Ashanti from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 12th. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Monday, October 11th.
Several large investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of AngloGold Ashanti by 1.2% during the third quarter. Van ECK Associates Corp now owns 22,392,893 shares of the mining company’s stock worth $358,062,000 after acquiring an additional 264,305 shares during the period. AQR Capital Management LLC increased its position in shares of AngloGold Ashanti by 31.7% during the second quarter. AQR Capital Management LLC now owns 7,305,081 shares of the mining company’s stock worth $135,728,000 after acquiring an additional 1,756,740 shares during the period. Invesco Ltd. increased its position in shares of AngloGold Ashanti by 10.7% during the second quarter. Invesco Ltd. now owns 5,758,800 shares of the mining company’s stock worth $106,998,000 after acquiring an additional 554,742 shares during the period. LGT Capital Partners LTD. boosted its stake in shares of AngloGold Ashanti by 6.6% during the third quarter. LGT Capital Partners LTD. now owns 4,974,200 shares of the mining company’s stock valued at $79,537,000 after purchasing an additional 306,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of AngloGold Ashanti by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,822,381 shares of the mining company’s stock valued at $77,045,000 after purchasing an additional 63,423 shares in the last quarter. 28.39% of the stock is currently owned by institutional investors and hedge funds.Shares of NYSE:AU opened at $20.94 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.45. AngloGold Ashanti has a 12 month low of $14.57 and a 12 month high of $26.77. The company has a 50-day moving average price of $18.98 and a 200 day moving average price of $18.94.
About AngloGold Ashanti
AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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