AngloGold Ashanti Limited (NYSE:AU) Given Consensus Rating of “Hold” by Analysts

Shares of AngloGold Ashanti Limited (NYSE:AUGet Rating) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $23.80.

A number of research firms have recently issued reports on AU. StockNews.com began coverage on shares of AngloGold Ashanti in a report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. raised shares of AngloGold Ashanti from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $22.20 to $24.20 in a report on Monday, March 7th. Investec raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st. Zacks Investment Research downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Friday, February 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AngloGold Ashanti from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, March 10th.

AU opened at $17.81 on Friday. The company has a fifty day moving average price of $21.04 and a 200-day moving average price of $20.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.80 and a current ratio of 2.69. AngloGold Ashanti has a one year low of $14.57 and a one year high of $26.96.

Several hedge funds and other institutional investors have recently made changes to their positions in AU. Van ECK Associates Corp increased its position in shares of AngloGold Ashanti by 14.8% during the first quarter. Van ECK Associates Corp now owns 22,619,173 shares of the mining company’s stock valued at $535,848,000 after buying an additional 2,917,542 shares during the period. Coronation Fund Managers Ltd. increased its position in shares of AngloGold Ashanti by 42.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 8,197,097 shares of the mining company’s stock valued at $171,975,000 after buying an additional 2,458,059 shares during the period. Oaktree Capital Management LP increased its position in shares of AngloGold Ashanti by 24.9% during the third quarter. Oaktree Capital Management LP now owns 4,129,408 shares of the mining company’s stock valued at $66,029,000 after buying an additional 822,601 shares during the period. Capricorn Fund Managers Ltd purchased a new position in shares of AngloGold Ashanti during the first quarter valued at about $18,479,000. Finally, Russell Investments Group Ltd. increased its position in shares of AngloGold Ashanti by 26.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,578,580 shares of the mining company’s stock valued at $75,076,000 after buying an additional 754,778 shares during the period. Institutional investors own 31.89% of the company’s stock.

AngloGold Ashanti Company Profile (Get Rating)

AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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