AngloGold Ashanti plc (NYSE:AU) Receives Consensus Rating of “Moderate Buy” from Analysts

AngloGold Ashanti plc (NYSE:AU) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.75.

A number of research firms recently issued reports on AU. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a research note on Thursday, November 21st. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday, December 3rd. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. reduced their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $24.94 on Friday. AngloGold Ashanti has a 12 month low of $15.80 and a 12 month high of $32.57. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $26.65 and its two-hundred day moving average is $27.08.

Institutional Trading of AngloGold Ashanti

Several institutional investors have recently modified their holdings of AU. Chesapeake Capital Corp IL lifted its position in AngloGold Ashanti by 3.1% in the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after purchasing an additional 429 shares during the period. US Bancorp DE boosted its position in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock valued at $1,254,000 after acquiring an additional 466 shares in the last quarter. CWM LLC increased its stake in AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after acquiring an additional 493 shares during the period. Sei Investments Co. increased its stake in AngloGold Ashanti by 1.0% in the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after acquiring an additional 656 shares during the period. Finally, Ballentine Partners LLC raised its position in AngloGold Ashanti by 5.9% in the second quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company’s stock worth $309,000 after purchasing an additional 682 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.