AngloGold Ashanti plc (NYSE:AU) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of AngloGold Ashanti plc (NYSE:AU - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.75.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Scotiabank upgraded 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 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 report on Tuesday, December 3rd. Finally, StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.

AngloGold Ashanti Stock Down 3.1 %

AngloGold Ashanti stock traded down $0.81 during midday trading on Friday, hitting $24.94. 2,962,347 shares of the stock were exchanged, compared to its average volume of 4,581,494. AngloGold Ashanti has a 52-week low of $15.80 and a 52-week high of $32.57. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The business's 50-day moving average price is $26.63 and its 200-day moving average price is $27.09.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Frank Rimerman Advisors LLC bought a new stake in shares of AngloGold Ashanti during the second quarter valued at about $2,002,000. TT International Asset Management LTD grew its stake in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after acquiring an additional 962,141 shares in the last quarter. Oaktree Fund Advisors LLC increased its holdings in AngloGold Ashanti by 10.5% during the 2nd 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after purchasing an additional 367,306 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in AngloGold Ashanti by 297.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after purchasing an additional 193,992 shares during the period. 36.09% 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, 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.