AngloGold Ashanti (NYSE:AU) Sees Unusually-High Trading Volume - Should You Buy?

AngloGold Ashanti plc (NYSE:AU - Get Free Report) saw strong trading volume on Tuesday . 867,897 shares were traded during trading, a decline of 59% from the previous session's volume of 2,129,045 shares.The stock last traded at $25.88 and had previously closed at $25.44.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Investec raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Tuesday, December 3rd. 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 report on Thursday, November 21st. Finally, StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.75.

AngloGold Ashanti Trading Up 4.1 %

The stock has a 50-day moving average price of $24.82 and a two-hundred day moving average price of $27.19. The stock has a market capitalization of $11.11 billion, a PE ratio of 8.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after purchasing an additional 2,957,304 shares in the last quarter. TT International Asset Management LTD raised its position in shares of AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after buying an additional 962,141 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AngloGold Ashanti by 159.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company's stock valued at $33,327,000 after acquiring an additional 768,363 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in AngloGold Ashanti by 1,504.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after acquiring an additional 367,306 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AngloGold Ashanti by 297.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock worth $6,900,000 after acquiring an additional 193,992 shares during the last quarter. 36.09% of the stock is owned by 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.