AngloGold Ashanti Limited (AU) Short Interest Update

AngloGold Ashanti Limited (NYSE:AU) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,610,308 shares, an increase of 49.1% from the November 30th total of 3,763,117 shares. Based on an average trading volume of 3,854,254 shares, the days-to-cover ratio is currently 1.5 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI increased its holdings in AngloGold Ashanti by 26.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,187,984 shares of the mining company’s stock valued at $11,036,000 after purchasing an additional 244,887 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in AngloGold Ashanti in the second quarter valued at about $183,000. Exane Derivatives increased its holdings in AngloGold Ashanti by 235.7% in the third quarter. Exane Derivatives now owns 145,754 shares of the mining company’s stock valued at $1,354,000 after purchasing an additional 102,336 shares during the last quarter. Gabelli Funds LLC increased its holdings in AngloGold Ashanti by 23.8% in the third quarter. Gabelli Funds LLC now owns 1,199,200 shares of the mining company’s stock valued at $11,141,000 after purchasing an additional 230,500 shares during the last quarter. Finally, Oaktree Capital Management LP increased its holdings in AngloGold Ashanti by 5.2% in the third quarter. Oaktree Capital Management LP now owns 3,237,041 shares of the mining company’s stock valued at $30,072,000 after purchasing an additional 159,816 shares during the last quarter. Institutional investors and hedge funds own 31.27% of the company’s stock.

Shares of AngloGold Ashanti (AU) opened at $10.60 on Thursday. The company has a market capitalization of $4,290.00, a PE ratio of -26.50, a P/E/G ratio of 0.27 and a beta of -1.40. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. AngloGold Ashanti has a fifty-two week low of $8.86 and a fifty-two week high of $13.68.

A number of research firms have recently weighed in on AU. Zacks Investment Research upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday. JPMorgan Chase & Co. upgraded AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a research report on Monday, October 16th. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 target price for the company in a research report on Monday, November 13th. upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, ValuEngine downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Sunday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. AngloGold Ashanti has a consensus rating of “Hold” and a consensus price target of $11.75.

TRADEMARK VIOLATION NOTICE: “AngloGold Ashanti Limited (AU) Short Interest Update” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/04/anglogold-ashanti-limited-au-short-interest-update.html.

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.

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply