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.
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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