AngloGold Ashanti (NYSE:AU) Shares Gap Down to $28.83

AngloGold Ashanti plc (NYSE:AUGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $28.83, but opened at $28.18. AngloGold Ashanti shares last traded at $28.20, with a volume of 191,925 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on AU. HSBC downgraded AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Scotiabank increased their price objective on AngloGold Ashanti from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, AngloGold Ashanti currently has an average rating of “Hold” and an average target price of $24.50.

View Our Latest Stock Report on AU

AngloGold Ashanti Trading Up 1.5 %

The firm has a 50-day moving average of $24.36 and a 200 day moving average of $21.48.

Institutional Investors Weigh In On AngloGold Ashanti

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of AngloGold Ashanti by 7.6% during the first quarter. Van ECK Associates Corp now owns 27,747,289 shares of the mining company’s stock valued at $615,990,000 after buying an additional 1,948,322 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock valued at $373,154,000 after buying an additional 65,025 shares during the last quarter. First Eagle Investment Management LLC boosted its position in AngloGold Ashanti by 312.3% in the fourth quarter. First Eagle Investment Management LLC now owns 6,003,149 shares of the mining company’s stock worth $112,199,000 after purchasing an additional 4,547,011 shares during the last quarter. Oaktree Capital Management LP boosted its position in AngloGold Ashanti by 8.2% in the fourth quarter. Oaktree Capital Management LP now owns 5,874,951 shares of the mining company’s stock worth $109,803,000 after purchasing an additional 446,132 shares during the last quarter. Finally, TT International Asset Management LTD boosted its position in AngloGold Ashanti by 38.8% in the fourth quarter. TT International Asset Management LTD now owns 3,562,919 shares of the mining company’s stock worth $66,590,000 after purchasing an additional 995,709 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Company Profile

(Get Free Report)

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.

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