AngloGold Ashanti (NYSE:AU – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.
A number of other research analysts have also weighed in on AU. Morgan Stanley lowered AngloGold Ashanti from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 18th. Royal Bank of Canada restated a “sector perform” rating and set a $18.00 price objective on shares of AngloGold Ashanti in a research note on Monday, September 25th. HSBC upgraded shares of AngloGold Ashanti from a “reduce” rating to a “hold” rating in a research note on Tuesday, November 14th. Scotiabank decreased their target price on shares of AngloGold Ashanti from $28.00 to $26.00 and set a “sector perform” rating for the company in a research report on Thursday, September 21st. Finally, JPMorgan Chase & Co. began coverage on AngloGold Ashanti in a research report on Thursday, October 12th. They set an “overweight” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus price target of $23.40.
AngloGold Ashanti Stock Down 5.2 %
AU stock traded down $1.04 on Monday, hitting $19.01. 3,513,156 shares of the company’s stock were exchanged, compared to its average volume of 2,837,359. The firm has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $19.60. The company has a quick ratio of 1.24, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. AngloGold Ashanti has a 12-month low of $14.91 and a 12-month high of $30.26.
Institutional Investors Weigh In On AngloGold Ashanti
Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in AngloGold Ashanti in the 1st quarter valued at about $282,000. APG Asset Management N.V. purchased a new stake in shares of AngloGold Ashanti in the 1st quarter valued at $2,163,000. Vontobel Holding Ltd. boosted its holdings in AngloGold Ashanti by 395.1% during the 1st quarter. Vontobel Holding Ltd. now owns 82,383 shares of the mining company’s stock valued at $1,973,000 after acquiring an additional 65,743 shares during the period. Allianz Asset Management GmbH boosted its holdings in AngloGold Ashanti by 51.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company’s stock valued at $48,572,000 after acquiring an additional 697,908 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in AngloGold Ashanti by 44.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,412,291 shares of the mining company’s stock valued at $33,457,000 after acquiring an additional 432,001 shares in the last quarter. 22.36% of the stock is currently owned by hedge funds and other institutional investors.
About AngloGold Ashanti
AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia.