AngloGold Ashanti (NYSE:AU) Downgraded to Hold at ValuEngine

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ValuEngine lowered shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research raised AngloGold Ashanti from a hold rating to a buy rating and set a $20.00 price target for the company in a research note on Tuesday, July 9th. BMO Capital Markets raised AngloGold Ashanti from a market perform rating to an outperform rating and increased their price target for the company from $16.00 to $21.00 in a research note on Thursday, June 27th. Finally, Royal Bank of Canada raised AngloGold Ashanti from a sector perform rating to an outperform rating and set a $17.05 price target for the company in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $18.01.

Shares of NYSE AU opened at $19.36 on Thursday. The firm’s fifty day moving average price is $17.80. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 0.53 and a beta of -0.79. AngloGold Ashanti has a 1 year low of $7.07 and a 1 year high of $19.63.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AU. Acadian Asset Management LLC boosted its stake in shares of AngloGold Ashanti by 480.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,772,905 shares of the mining company’s stock worth $36,324,000 after acquiring an additional 2,295,235 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of AngloGold Ashanti by 410.0% during the 4th quarter. Deutsche Bank AG now owns 2,525,033 shares of the mining company’s stock worth $31,689,000 after acquiring an additional 2,029,964 shares in the last quarter. USS Investment Management Ltd boosted its stake in shares of AngloGold Ashanti by 165.9% during the 1st quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after acquiring an additional 1,410,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AngloGold Ashanti by 147.6% during the 1st quarter. JPMorgan Chase & Co. now owns 1,857,528 shares of the mining company’s stock worth $24,334,000 after acquiring an additional 1,107,350 shares in the last quarter. Finally, LGT Capital Partners LTD. boosted its stake in shares of AngloGold Ashanti by 145.6% during the 2nd quarter. LGT Capital Partners LTD. now owns 1,551,566 shares of the mining company’s stock worth $27,633,000 after acquiring an additional 919,866 shares in the last quarter. 38.37% of the stock is owned by institutional investors and hedge funds.

About AngloGold Ashanti

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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