AngloGold Ashanti (NYSE:AU) Upgraded by StockNews.com to Buy Rating

AngloGold Ashanti (NYSE:AU - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of AngloGold Ashanti in a research report on Thursday, February 20th. Scotiabank upped their target price on AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.25.

AngloGold Ashanti Trading Up 1.3 %

NYSE:AU traded up $0.43 during mid-day trading on Thursday, reaching $33.79. 1,302,894 shares of the company's stock traded hands, compared to its average volume of 2,404,693. AngloGold Ashanti has a 12-month low of $21.65 and a 12-month high of $38.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50 day moving average price of $32.67 and a 200-day moving average price of $28.51. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 10.50 and a beta of 0.81.

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AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. On average, sell-side analysts predict that AngloGold Ashanti will post 3.83 earnings per share for the current year.

Institutional Investors Weigh In On AngloGold Ashanti

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. bought a new position in AngloGold Ashanti in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter valued at $29,000. Nomura Asset Management Co. Ltd. bought a new stake in AngloGold Ashanti in the 4th quarter worth about $32,000. Finally, R Squared Ltd bought a new stake in AngloGold Ashanti in the 4th quarter worth about $36,000. Institutional investors 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.