Royal Bank Of Canada upgraded shares of AngloGold Ashanti Limited (NYSE:AU) from a sector perform rating to an outperform rating in a report released on Monday morning. The brokerage currently has $11.50 price target on the mining company’s stock.
Other analysts also recently issued research reports about the stock. raised shares of AngloGold Ashanti Limited from a hold rating to a buy rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of AngloGold Ashanti Limited from a sell rating to a hold rating in a research report on Friday, September 15th. J P Morgan Chase & Co raised shares of AngloGold Ashanti Limited from a neutral rating to an overweight rating in a research report on Monday, October 16th. Finally, BidaskClub raised shares of AngloGold Ashanti Limited from a strong sell rating to a sell rating in a research report on Monday, August 14th. 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 currently has an average rating of Hold and an average price target of $11.50.
AngloGold Ashanti Limited (AU) traded up $0.06 during midday trading on Monday, hitting $9.73. 3,206,100 shares of the stock were exchanged, compared to its average volume of 3,683,839. AngloGold Ashanti Limited has a one year low of $8.89 and a one year high of $13.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.57 and a quick ratio of 0.65.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new position in AngloGold Ashanti Limited in the 3rd quarter worth approximately $123,000. Balyasny Asset Management LLC purchased a new position in AngloGold Ashanti Limited in the 2nd quarter worth approximately $183,000. Quantbot Technologies LP purchased a new position in AngloGold Ashanti Limited in the 2nd quarter worth approximately $219,000. Nationwide Fund Advisors boosted its holdings in AngloGold Ashanti Limited by 202.5% in the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after acquiring an additional 16,296 shares during the period. Finally, QCM Cayman Ltd. purchased a new position in AngloGold Ashanti Limited in the 2nd quarter worth approximately $260,000. Hedge funds and other institutional investors own 32.83% of the company’s stock.
About AngloGold Ashanti Limited
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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