AngloGold Ashanti (NYSE:AU) Stock Rating Lowered by ValuEngine

AngloGold Ashanti (NYSE:AU) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 9th. BMO Capital Markets upgraded shares of AngloGold Ashanti from a “market perform” rating to an “outperform” rating and upped their price target for the company from $16.00 to $21.00 in a report on Thursday, June 27th. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 price target for the company in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.01.

AU stock traded up $0.59 during mid-day trading on Thursday, reaching $19.36. 4,686,489 shares of the stock traded hands, compared to its average volume of 2,883,764. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73. AngloGold Ashanti has a 52 week low of $7.07 and a 52 week high of $19.63. The stock has a 50-day simple moving average of $17.80. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 0.46 and a beta of -0.79.

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in AngloGold Ashanti by 480.5% in the first quarter. Acadian Asset Management LLC now owns 2,772,905 shares of the mining company’s stock worth $36,324,000 after purchasing an additional 2,295,235 shares in the last quarter. Deutsche Bank AG raised its position in AngloGold Ashanti by 410.0% in the fourth quarter. Deutsche Bank AG now owns 2,525,033 shares of the mining company’s stock worth $31,689,000 after purchasing an additional 2,029,964 shares in the last quarter. USS Investment Management Ltd raised its position in AngloGold Ashanti by 165.9% in the first quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after purchasing an additional 1,410,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in AngloGold Ashanti by 147.6% in the first quarter. JPMorgan Chase & Co. now owns 1,857,528 shares of the mining company’s stock worth $24,334,000 after purchasing an additional 1,107,350 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its position in AngloGold Ashanti by 145.6% in the second quarter. LGT Capital Partners LTD. now owns 1,551,566 shares of the mining company’s stock worth $27,633,000 after purchasing an additional 919,866 shares in the last quarter. 38.03% of the stock is owned by institutional investors and hedge funds.

About AngloGold Ashanti

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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