AngloGold Ashanti (NYSE:AU) Shares Gap Up to $19.26

AngloGold Ashanti Limited (NYSE:AU) shares gapped up before the market opened on Wednesday . The stock had previously closed at $18.85, but opened at $19.26. AngloGold Ashanti shares last traded at $19.75, with a volume of 2,280,700 shares trading hands.

AU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of AngloGold Ashanti from $26.60 to $26.10 and set an “overweight” rating for the company in a report on Thursday, September 12th. Goldman Sachs Group raised shares of AngloGold Ashanti from a “neutral” rating to a “buy” rating in a report on Friday, October 18th. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, ValuEngine lowered shares of AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus price target of $20.23.

The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 0.49 and a beta of -0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.90. The company’s fifty day simple moving average is $20.31 and its two-hundred day simple moving average is $17.92.

A number of hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in AngloGold Ashanti by 50.9% during the 2nd quarter. Lindbrook Capital LLC now owns 2,585 shares of the mining company’s stock worth $46,000 after acquiring an additional 872 shares in the last quarter. US Bancorp DE grew its holdings in AngloGold Ashanti by 23.9% during the 2nd quarter. US Bancorp DE now owns 4,781 shares of the mining company’s stock worth $85,000 after acquiring an additional 923 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in AngloGold Ashanti by 9.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 13,556 shares of the mining company’s stock worth $246,000 after acquiring an additional 1,123 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in AngloGold Ashanti by 10.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,757 shares of the mining company’s stock worth $245,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in AngloGold Ashanti by 458.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,157 shares of the mining company’s stock worth $38,000 after acquiring an additional 1,771 shares in the last quarter. 36.17% of the stock is owned by institutional investors.

AngloGold Ashanti Company Profile (NYSE:AU)

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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