AngloGold Ashanti plc (NYSE:AU) Receives $33.67 Average Price Target from Analysts

AngloGold Ashanti plc (NYSE:AU - Get Free Report) has been given an average rating of "Hold" by the five research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $33.67.

A number of brokerages have recently weighed in on AU. Scotiabank reissued a "sector underperform" rating and set a $30.00 price objective (up from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. StockNews.com lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Investec raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th.

AngloGold Ashanti Trading Up 1.3 %

Shares of AU traded up $0.33 during mid-day trading on Tuesday, hitting $25.15. 3,288,900 shares of the company traded hands, compared to its average volume of 2,032,079. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. The business has a 50 day moving average of $27.52 and a 200 day moving average of $26.99. AngloGold Ashanti has a 1-year low of $15.80 and a 1-year high of $32.57.

Hedge Funds Weigh In On AngloGold Ashanti

Large investors have recently made changes to their positions in the company. CWM LLC increased its holdings in AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock valued at $60,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of AngloGold Ashanti by 17.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company's stock valued at $74,000 after purchasing an additional 433 shares in the last quarter. Blue Trust Inc. raised its holdings in AngloGold Ashanti by 338.3% in the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company's stock worth $87,000 after purchasing an additional 2,679 shares during the period. Toronto Dominion Bank purchased a new position in AngloGold Ashanti during the first quarter worth approximately $118,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $126,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

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.