AngloGold Ashanti (NYSE:AU) Rating Lowered to “Hold” at StockNews.com

AngloGold Ashanti (NYSE:AU) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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

AngloGold Ashanti Trading Down 1.9 %

Shares of NYSE AU traded down $0.48 during midday trading on Tuesday, hitting $24.63. 3,046,673 shares of the stock traded hands, compared to its average volume of 2,021,829. The firm has a 50-day moving average of $27.96 and a two-hundred day moving average of $26.97. 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 one year low of $15.60 and a one year high of $32.57.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors have recently bought and sold shares of the business. Chesapeake Capital Corp IL grew its position in shares of AngloGold Ashanti by 3.1% during the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock valued at $354,000 after purchasing an additional 429 shares in the last quarter. GAMMA Investing LLC grew its position in shares of AngloGold Ashanti by 17.3% during the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after purchasing an additional 433 shares in the last quarter. US Bancorp DE grew its position in shares of AngloGold Ashanti by 1.0% during the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock valued at $1,254,000 after purchasing an additional 466 shares in the last quarter. CWM LLC grew its position in shares of AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after purchasing an additional 493 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Company Profile

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.