AngloGold Ashanti plc (NYSE:AU) Given Consensus Recommendation of “Hold” by Analysts

Shares of AngloGold Ashanti plc (NYSE:AU) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.75.

Several analysts recently issued reports on AU shares. JPMorgan Chase & Co. increased their price target on AngloGold Ashanti from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. HSBC lowered AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th. Finally, Scotiabank raised their price objective on AngloGold Ashanti from $22.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd.

AngloGold Ashanti Stock Up 0.6 %

Shares of AU opened at $25.12 on Friday. The stock’s fifty day simple moving average is $23.81 and its 200 day simple moving average is $21.01. AngloGold Ashanti has a twelve month low of $14.91 and a twelve month high of $26.01.

Institutional Trading of AngloGold Ashanti

Hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH increased its position in shares of AngloGold Ashanti by 52.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,424,939 shares of the mining company’s stock worth $26,632,000 after acquiring an additional 492,358 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $16,260,000. Oaktree Capital Management LP increased its holdings in AngloGold Ashanti by 8.2% in the fourth quarter. Oaktree Capital Management LP now owns 5,874,951 shares of the mining company’s stock valued at $109,803,000 after buying an additional 446,132 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in AngloGold Ashanti in the fourth quarter valued at about $1,443,000. Finally, Cibc World Markets Corp bought a new stake in AngloGold Ashanti in the fourth quarter valued at about $1,268,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

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.