AngloGold Ashanti plc (NYSE:AU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AngloGold Ashanti plc (NYSE:AU) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.75.

A number of brokerages have commented on AU. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. dropped their target price on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, December 3rd. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

AngloGold Ashanti Trading Down 1.6 %

Shares of AU opened at $31.47 on Friday. The company’s 50-day simple moving average is $25.92 and its 200-day simple moving average is $27.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a 1 year low of $16.49 and a 1 year high of $32.57.

Institutional Trading of AngloGold Ashanti

A number of large investors have recently made changes to their positions in AU. R Squared Ltd acquired a new position in shares of AngloGold Ashanti during the 4th quarter valued at about $36,000. Decker Retirement Planning Inc. acquired a new position in AngloGold Ashanti during the fourth quarter worth approximately $69,000. SBI Securities Co. Ltd. purchased a new position in AngloGold Ashanti during the fourth quarter worth approximately $82,000. SG Americas Securities LLC acquired a new position in shares of AngloGold Ashanti in the 3rd quarter valued at $126,000. Finally, JPMorgan Chase & Co. grew its stake in shares of AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after buying an additional 3,782 shares during the period. Institutional investors and hedge funds 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.