Shares of AngloGold Ashanti Limited (NYSE:AU) gapped up before the market opened on Friday . The stock had previously closed at $10.28, but opened at $9.68. AngloGold Ashanti shares last traded at $9.63, with a volume of 326189 shares changing hands.
AU has been the subject of several recent analyst reports. ValuEngine downgraded AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, October 9th. Finally, Royal Bank of Canada downgraded AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AngloGold Ashanti currently has a consensus rating of “Buy” and a consensus target price of $10.50.
Get AngloGold Ashanti alerts:The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 0.79. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 161.67 and a beta of -0.99.
Several institutional investors have recently made changes to their positions in the company. Bridgewater Associates LP grew its stake in shares of AngloGold Ashanti by 10.3% during the second quarter. Bridgewater Associates LP now owns 78,223 shares of the mining company’s stock valued at $642,000 after acquiring an additional 7,327 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of AngloGold Ashanti by 11.5% during the second quarter. TD Asset Management Inc. now owns 91,904 shares of the mining company’s stock worth $755,000 after purchasing an additional 9,500 shares during the last quarter. Bank of Montreal Can lifted its position in shares of AngloGold Ashanti by 8.9% during the second quarter. Bank of Montreal Can now owns 129,278 shares of the mining company’s stock worth $1,061,000 after purchasing an additional 10,525 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of AngloGold Ashanti during the first quarter worth about $102,000. Finally, ClariVest Asset Management LLC lifted its position in shares of AngloGold Ashanti by 20.7% during the second quarter. ClariVest Asset Management LLC now owns 84,000 shares of the mining company’s stock worth $690,000 after purchasing an additional 14,400 shares during the last quarter. Institutional investors own 38.32% of the company’s stock.
AngloGold Ashanti Company Profile (NYSE:AU)
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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