Analysts Set AngloGold Ashanti PLC (NYSE:AU) Target Price at $95.00

AngloGold Ashanti PLC (NYSE:AU) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $95.00.

Several equities research analysts have issued reports on AU shares. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Citigroup raised their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Scotiabank raised their price objective on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $109.89 on Thursday. The firm has a 50-day moving average of $95.06 and a two-hundred day moving average of $77.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. The stock has a market cap of $55.48 billion, a P/E ratio of 24.21 and a beta of 0.59. AngloGold Ashanti has a 1-year low of $28.44 and a 1-year high of $115.81.

Institutional Investors Weigh In On AngloGold Ashanti

Several institutional investors and hedge funds have recently made changes to their positions in AU. Parallel Advisors LLC boosted its holdings in AngloGold Ashanti by 3.6% in the fourth quarter. Parallel Advisors LLC now owns 2,777 shares of the mining company’s stock worth $237,000 after purchasing an additional 96 shares during the period. PDS Planning Inc boosted its position in AngloGold Ashanti by 3.0% during the 4th quarter. PDS Planning Inc now owns 4,246 shares of the mining company’s stock valued at $362,000 after purchasing an additional 124 shares during the period. Linden Thomas Advisory Services LLC grew its stake in AngloGold Ashanti by 4.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,572 shares of the mining company’s stock worth $305,000 after buying an additional 142 shares during the last quarter. California State Teachers Retirement System increased its position in AngloGold Ashanti by 0.5% in the third quarter. California State Teachers Retirement System now owns 31,919 shares of the mining company’s stock worth $2,245,000 after buying an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in AngloGold Ashanti by 33.4% in the third quarter. CIBC Private Wealth Group LLC now owns 599 shares of the mining company’s stock worth $42,000 after buying an additional 150 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.