AngloGold Ashanti (NYSE:AU) Shares Gap Up to $19.97

AngloGold Ashanti Limited (NYSE:AU)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $20.21, but opened at $19.97. AngloGold Ashanti shares last traded at $19.76, with a volume of 1,232,558 shares trading hands.

AU has been the subject of several research analyst reports. ValuEngine downgraded shares of AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group raised AngloGold Ashanti from a “neutral” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $26.60 to $26.10 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Zacks Investment Research upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.23.

The firm has a market cap of $7.90 billion, a P/E ratio of 37.13, a P/E/G ratio of 0.48 and a beta of -0.99. 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 50 day moving average is $20.04 and its 200 day moving average is $18.67.

Several large investors have recently made changes to their positions in AU. Millennium Management LLC increased its position in AngloGold Ashanti by 899.1% in the 3rd quarter. Millennium Management LLC now owns 1,198,702 shares of the mining company’s stock valued at $21,900,000 after acquiring an additional 1,348,702 shares during the period. Man Group plc grew its stake in shares of AngloGold Ashanti by 86.7% in the third quarter. Man Group plc now owns 754,271 shares of the mining company’s stock worth $13,781,000 after purchasing an additional 350,187 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of AngloGold Ashanti in the third quarter worth $489,000. Parametric Portfolio Associates LLC increased its holdings in AngloGold Ashanti by 10.7% in the third quarter. Parametric Portfolio Associates LLC now owns 1,177,058 shares of the mining company’s stock valued at $21,505,000 after purchasing an additional 113,690 shares during the period. Finally, Stifel Financial Corp increased its holdings in AngloGold Ashanti by 1.0% in the third quarter. Stifel Financial Corp now owns 75,317 shares of the mining company’s stock valued at $1,376,000 after purchasing an additional 777 shares during the period. Institutional investors own 35.80% of the company’s stock.

About AngloGold Ashanti (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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