AngloGold Ashanti Limited (AU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AngloGold Ashanti Limited (NYSE:AU) have received a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.50.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upgraded AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a research note 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 price target on the stock in a research note on Monday, November 13th. upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Deutsche Bank upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in AngloGold Ashanti by 3.0% in the second quarter. BlackRock Inc. now owns 28,450,519 shares of the mining company’s stock valued at $276,540,000 after purchasing an additional 819,709 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in AngloGold Ashanti by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 12,807,917 shares of the mining company’s stock valued at $119,006,000 after purchasing an additional 396,554 shares during the last quarter. FMR LLC grew its stake in AngloGold Ashanti by 1.3% in the second quarter. FMR LLC now owns 3,838,325 shares of the mining company’s stock valued at $37,309,000 after purchasing an additional 48,640 shares during the last quarter. Oaktree Capital Management LP grew its stake 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. Finally, Capital International Investors grew its stake in AngloGold Ashanti by 57.9% in the second quarter. Capital International Investors now owns 1,506,280 shares of the mining company’s stock valued at $14,641,000 after purchasing an additional 552,200 shares during the last quarter. Institutional investors own 31.27% of the company’s stock.

AngloGold Ashanti (NYSE:AU) opened at $11.07 on Friday. The company has a market capitalization of $4,600.00, a price-to-earnings ratio of -27.68, a PEG ratio of 0.29 and a beta of -1.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.65 and a current ratio of 1.57. AngloGold Ashanti has a 52 week low of $8.86 and a 52 week high of $13.68.

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About AngloGold Ashanti

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.

Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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