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.
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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