AngloGold Ashanti (NYSE:AU) Upgraded to Hold by HSBC

HSBC upgraded shares of AngloGold Ashanti (NYSE:AU) from a reduce rating to a hold rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

Several other analysts also recently issued reports on AU. BMO Capital Markets raised shares of AngloGold Ashanti from a market perform rating to an outperform rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Tuesday, September 12th. StockNews.com started coverage on shares of AngloGold Ashanti in a report on Sunday. They set a hold rating for the company. Morgan Stanley downgraded shares of AngloGold Ashanti from an overweight rating to an equal weight rating in a report on Wednesday, October 18th. Royal Bank of Canada reaffirmed a sector perform rating and set a $18.00 price objective on shares of AngloGold Ashanti in a report on Monday, September 25th. Finally, Scotiabank decreased their price objective on shares of AngloGold Ashanti from $28.00 to $26.00 and set a sector perform rating for the company in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $23.40.

AngloGold Ashanti Stock Up 8.7 %

AU stock opened at $17.04 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.24. AngloGold Ashanti has a 12 month low of $14.91 and a 12 month high of $30.26. The firm has a 50 day moving average of $17.70 and a two-hundred day moving average of $20.45.

Institutional Trading of AngloGold Ashanti

Hedge funds have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in AngloGold Ashanti by 89.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,475 shares of the mining company’s stock valued at $29,000 after purchasing an additional 695 shares during the period. Atlas Capital Advisors LLC acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at $30,000. Newbridge Financial Services Group Inc. acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at $40,000. Point72 Middle East FZE acquired a new position in shares of AngloGold Ashanti in the 2nd quarter valued at $54,000. Finally, Gradient Investments LLC raised its stake in shares of AngloGold Ashanti by 187.9% in the 3rd quarter. Gradient Investments LLC now owns 3,677 shares of the mining company’s stock valued at $58,000 after buying an additional 2,400 shares in the last quarter. 22.36% of the stock is owned by institutional investors.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, the Americas, and Australia. The company explores for gold. 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 owns 100% interest in the Iduapriem mine which covers 137 square kilometers located in the western region of Ghana; Obuasi project located in Ghana; AGA Mineração in Brazil; Serra Grande located in central Brazil in the state of Goiás; Greenfield Projects in the Beatty district in Nevada; and Sunrise Dam in Australia.