AngloGold Ashanti (NYSE:AU – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other analysts have also recently commented on the stock. Investec cut shares of AngloGold Ashanti from a “buy” rating to a “sell” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of AngloGold Ashanti from $20.00 to $27.00 in a research note on Tuesday, January 10th. HSBC downgraded shares of AngloGold Ashanti from a “buy” rating to a “reduce” rating in a report on Monday, January 30th. Finally, Morgan Stanley upgraded shares of AngloGold Ashanti from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.
AngloGold Ashanti Price Performance
Shares of NYSE:AU opened at $26.14 on Thursday. AngloGold Ashanti has a 52 week low of $11.94 and a 52 week high of $28.13. The company’s 50 day moving average is $21.24 and its two-hundred day moving average is $19.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.50 and a quick ratio of 1.60.
Hedge Funds Weigh In On AngloGold Ashanti
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of AngloGold Ashanti by 89.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,475 shares of the mining company’s stock worth $29,000 after acquiring an additional 695 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in AngloGold Ashanti during the fourth quarter worth $30,000. Destiny Wealth Partners LLC acquired a new stake in AngloGold Ashanti during the fourth quarter worth $37,000. Parallel Advisors LLC boosted its stake in AngloGold Ashanti by 30.9% during the fourth quarter. Parallel Advisors LLC now owns 2,194 shares of the mining company’s stock worth $43,000 after buying an additional 518 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in AngloGold Ashanti by 664.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 3,646 shares of the mining company’s stock worth $51,000 after buying an additional 3,169 shares in the last quarter. Institutional investors and hedge funds own 24.90% of the company’s stock.
About AngloGold Ashanti
AngloGold Ashanti Ltd. engages in the exploration, mining, and production of gold. It operates through the following business segments: Africa, Australia, and Americas. The Africa segment consists of Ghana, Guinea, the DRC (Democratic Republic of the Congo), and Tanzania. The Americas segment comprises of Argentina, Brazil, and projects in Colombia and the United States.