AngloGold Ashanti PLC (NYSE:AU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AngloGold Ashanti PLC (NYSE:AU) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $95.00.

Several research analysts recently commented on the company. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Citigroup increased their target price on AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Finally, Roth Mkm lifted their price target on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, December 15th.

Hedge Funds Weigh In On AngloGold Ashanti

Large investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in AngloGold Ashanti in the third quarter worth $25,000. Zions Bancorporation National Association UT bought a new position in shares of AngloGold Ashanti during the fourth quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of AngloGold Ashanti in the 4th quarter worth about $34,000. Global Retirement Partners LLC lifted its position in AngloGold Ashanti by 454.1% in the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock valued at $40,000 after purchasing an additional 386 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in AngloGold Ashanti by 129.0% in the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $108.45 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. The company’s fifty day moving average price is $96.71 and its two-hundred day moving average price is $78.57. The firm has a market capitalization of $54.75 billion, a P/E ratio of 23.89 and a beta of 0.59. AngloGold Ashanti has a 12 month low of $28.44 and a 12 month high of $115.81.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.