JPMorgan Chase & Co. Upgrades AngloGold Ashanti to Neutral (AU)
AngloGold Ashanti (NYSE:AU) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Stock Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of AngloGold Ashanti (NYSE:AU) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $13.20 price target on the stock. Separately, analysts at TheStreet downgraded shares of AngloGold Ashanti (NYSE:AU) from a “hold” rating to a “sell” rating in a research note to investors on Friday, August 9th. Finally, analysts at HSBC downgraded shares of AngloGold Ashanti (NYSE:AU) from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, August 8th.
Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. AngloGold Ashanti has an average rating of “Hold” and a consensus price target of $14.30.
Shares of AngloGold Ashanti (NYSE:AU) opened at 13.50 on Thursday. AngloGold Ashanti has a one year low of $11.62 and a one year high of $36.93. The stock has a 50-day moving average of $13.52 and a 200-day moving average of $17.44. The company’s market cap is $5.225 billion.
AngloGold Ashanti Limited (NYSE:AU) is a global producer of gold.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.