AngloGold Ashanti (AU) Shares Gap Up to $10.19

AngloGold Ashanti Limited (NYSE:AU) gapped up before the market opened on Wednesday . The stock had previously closed at $9.94, but opened at $10.19. AngloGold Ashanti shares last traded at $10.52, with a volume of 3405800 shares traded.

Several brokerages have recently issued reports on AU. Zacks Investment Research downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Deutsche Bank raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price objective for the company in a research report on Monday, November 13th. Finally, raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. AngloGold Ashanti has a consensus rating of “Hold” and an average target price of $11.75.

The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 0.88.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in shares of AngloGold Ashanti during the 3rd quarter worth about $123,000. Balyasny Asset Management LLC acquired a new stake in shares of AngloGold Ashanti during the 2nd quarter worth about $183,000. Quantbot Technologies LP acquired a new stake in shares of AngloGold Ashanti during the 2nd quarter worth about $219,000. Nationwide Fund Advisors lifted its stake in shares of AngloGold Ashanti by 202.5% during the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after buying an additional 16,296 shares during the last quarter. Finally, QCM Cayman Ltd. acquired a new stake in shares of AngloGold Ashanti during the 2nd quarter worth about $260,000. Institutional investors own 31.27% of the company’s stock.

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About AngloGold Ashanti

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

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