AngloGold Ashanti Limited Upgraded to Outperform by Zacks (AU)
AngloGold Ashanti Limited (NYSE:AU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, American Banking News.com reports. The firm currently has a $19.30 target price on the stock. Zacks‘ price objective would suggest a potential upside of 7.40% from the stock’s previous close.
A number of other firms have also recently commented on AU. Analysts at Deutsche Bank downgraded shares of AngloGold Ashanti Limited from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at BMO Capital Markets upgraded shares of AngloGold Ashanti Limited from an “underperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.70.
Shares of AngloGold Ashanti Limited (NYSE:AU) traded up 1.28% on Monday, hitting $18.20. 3,004,607 shares of the company’s stock traded hands. AngloGold Ashanti Limited has a one year low of $11.14 and a one year high of $26.02. The stock’s 50-day moving average is $14.39 and its 200-day moving average is $13.75. The company’s market cap is $7.401 billion.
AngloGold Ashanti Limited (NYSE:AU) is a gold mining company with a portfolio of assets and differing orebody types in key gold producing regions.
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