AngloGold Ashanti (NYSE:AU) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report released on Tuesday morning.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank restated a “sector underperform” rating and issued a $30.00 price target (up previously from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.67.

AngloGold Ashanti Trading Up 1.0 %

Shares of AngloGold Ashanti stock traded up $0.24 on Tuesday, hitting $24.25. 74,845 shares of the company traded hands, compared to its average volume of 2,017,183. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. AngloGold Ashanti has a 52 week low of $15.80 and a 52 week high of $32.57. The business has a 50-day simple moving average of $27.79 and a 200 day simple moving average of $26.95.

Institutional Trading of AngloGold Ashanti

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $596,000. Frank Rimerman Advisors LLC purchased a new stake in AngloGold Ashanti in the second quarter worth about $2,002,000. US Bancorp DE lifted its stake in AngloGold Ashanti by 748.1% in the first quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock worth $1,002,000 after acquiring an additional 39,819 shares during the period. Oaktree Fund Advisors LLC lifted its stake in AngloGold Ashanti by 10.5% in the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock worth $17,179,000 after acquiring an additional 64,993 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in AngloGold Ashanti in the second quarter worth about $227,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

About AngloGold Ashanti

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.