AngloGold Ashanti (NYSE:AU - Get Free Report) had its target price raised by Royal Bank of Canada from $39.00 to $41.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has an "outperform" rating on the mining company's stock. Royal Bank of Canada's price objective indicates a potential upside of 12.96% from the company's current price.
Several other equities research analysts also recently commented on the company. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Scotiabank boosted their price target on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, AngloGold Ashanti presently has an average rating of "Moderate Buy" and a consensus price target of $35.25.
Read Our Latest Report on AU
AngloGold Ashanti Trading Up 9.5 %
Shares of AU stock traded up $3.14 during trading hours on Friday, hitting $36.30. 4,090,492 shares of the company were exchanged, compared to its average volume of 2,414,595. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti has a fifty-two week low of $21.65 and a fifty-two week high of $38.63. The company has a 50 day simple moving average of $32.86 and a two-hundred day simple moving average of $28.58. The firm has a market cap of $15.23 billion, a P/E ratio of 11.38 and a beta of 0.81.
AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.75 billion. Equities analysts anticipate that AngloGold Ashanti will post 3.83 EPS for the current year.
Hedge Funds Weigh In On AngloGold Ashanti
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in AngloGold Ashanti by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares during the period. Dimensional Fund Advisors LP increased its holdings in AngloGold Ashanti by 274.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock worth $118,448,000 after acquiring an additional 3,764,165 shares during the last quarter. Marshall Wace LLP raised its stake in AngloGold Ashanti by 3,767.1% in the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after acquiring an additional 2,680,261 shares during the period. Van ECK Associates Corp boosted its position in AngloGold Ashanti by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after purchasing an additional 2,491,130 shares during the period. Finally, Carrhae Capital LLP boosted its position in AngloGold Ashanti by 170.0% during the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock worth $79,838,000 after purchasing an additional 2,177,783 shares during the period. Hedge funds and other institutional investors own 36.09% of the company's stock.
AngloGold Ashanti Company Profile
(
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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.
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