Brokerages Set AngloGold Ashanti Limited (AU) PT at $12.43

Shares of AngloGold Ashanti Limited (NYSE:AU) have earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $12.43.

A number of brokerages recently commented on AU. BidaskClub downgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. CIBC downgraded shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) downgraded shares of AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th. Finally, ValuEngine downgraded shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th.

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in AngloGold Ashanti Limited by 27.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,701 shares of the mining company’s stock worth $3,066,000 after buying an additional 60,452 shares during the last quarter. LGT Capital Partners LTD. increased its stake in AngloGold Ashanti Limited by 50.0% in the first quarter. LGT Capital Partners LTD. now owns 840,000 shares of the mining company’s stock worth $9,047,000 after buying an additional 280,000 shares during the last quarter. Van ECK Associates Corp increased its stake in AngloGold Ashanti Limited by 16.9% in the first quarter. Van ECK Associates Corp now owns 28,608,742 shares of the mining company’s stock worth $308,116,000 after buying an additional 4,139,327 shares during the last quarter. BlackRock Inc. increased its stake in AngloGold Ashanti Limited by 1,416.7% in the first quarter. BlackRock Inc. now owns 27,630,810 shares of the mining company’s stock worth $297,583,000 after buying an additional 25,808,998 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in AngloGold Ashanti Limited by 10.9% in the first quarter. UBS Asset Management Americas Inc. now owns 620,875 shares of the mining company’s stock worth $6,687,000 after buying an additional 60,888 shares during the last quarter. Institutional investors own 35.90% of the company’s stock.

Shares of AngloGold Ashanti Limited (NYSE:AU) traded up 0.99% during trading on Friday, hitting $9.19. The stock had a trading volume of 3,293,982 shares. AngloGold Ashanti Limited has a 12-month low of $8.93 and a 12-month high of $22.53. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 61.27 and a beta of -1.37. The stock’s 50-day moving average is $9.86 and its 200-day moving average is $11.23.

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AngloGold Ashanti Limited Company Profile

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.

Analyst Recommendations for AngloGold Ashanti Limited (NYSE:AU)

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