AngloGold Ashanti (NYSE:AU) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

A number of other equities analysts also recently commented on the company. BMO Capital Markets increased their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Scotiabank reissued a “sector underperform” rating and set a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Finally, Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, AngloGold Ashanti has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Stock Performance

AU opened at $23.83 on Tuesday. The stock has a fifty day moving average price of $27.69 and a 200 day moving average price of $26.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19. AngloGold Ashanti has a 1 year low of $15.80 and a 1 year high of $32.57.

Institutional Trading of AngloGold Ashanti

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in AngloGold Ashanti by 748.1% in the 1st quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock valued at $1,002,000 after purchasing an additional 39,819 shares during the period. Chesapeake Capital Corp IL acquired a new position in shares of AngloGold Ashanti during the first quarter valued at about $303,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of AngloGold Ashanti during the first quarter valued at about $596,000. Vanguard Group Inc. lifted its stake in shares of AngloGold Ashanti by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock valued at $373,154,000 after buying an additional 65,025 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in AngloGold Ashanti during the first quarter worth about $118,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.