AngloGold Ashanti Target of Unusually High Options Trading (AU)
AngloGold Ashanti Limited (NYSE:AU) was the target of unusually large options trading on Tuesday. Traders purchased 15,082 put options on the stock. This represents an increase of 2,795% compared to the typical daily volume of 521 put options.
Several research analysts have weighed in on the company. J P Morgan Chase & Co upgraded AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Zacks Investment Research upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub upgraded AngloGold Ashanti from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Royal Bank Of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 target price on the stock in a report on Monday, November 13th. Finally, upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.50.
Hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at about $123,000. Balyasny Asset Management LLC acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at about $183,000. Quantbot Technologies LP acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at about $219,000. Nationwide Fund Advisors raised its stake in shares of AngloGold Ashanti by 202.5% in the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock valued at $226,000 after purchasing an additional 16,296 shares during the period. Finally, QCM Cayman Ltd. acquired a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at about $260,000. Hedge funds and other institutional investors own 31.43% of the company’s stock.
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AngloGold Ashanti Company Profile
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
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