Shares of AngloGold Ashanti Limited (NYSE:AU) gapped up before the market opened on Monday . The stock had previously closed at $9.56, but opened at $9.77. AngloGold Ashanti Limited shares last traded at $9.67, with a volume of 1315500 shares trading hands.
Several analysts have weighed in on the company. Zacks Investment Research downgraded AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub downgraded AngloGold Ashanti Limited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co upgraded AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a research note on Monday, October 16th. Royal Bank Of Canada upgraded AngloGold Ashanti Limited 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. Finally, HSBC Holdings plc upgraded AngloGold Ashanti Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.
The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 0.88.
Several institutional investors and hedge funds have recently modified their holdings of AU. Fox Run Management L.L.C. purchased a new stake in shares of AngloGold Ashanti Limited in the third quarter worth about $123,000. Balyasny Asset Management LLC purchased a new stake in shares of AngloGold Ashanti Limited in the second quarter worth about $183,000. Quantbot Technologies LP purchased a new stake in shares of AngloGold Ashanti Limited in the second quarter worth about $219,000. Nationwide Fund Advisors boosted its stake in shares of AngloGold Ashanti Limited by 202.5% in the third quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after buying an additional 16,296 shares during the last quarter. Finally, QCM Cayman Ltd. purchased a new position in AngloGold Ashanti Limited during the second quarter worth approximately $260,000. Hedge funds and other institutional investors own 32.83% of the company’s stock.
AngloGold Ashanti Limited 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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