AngloGold Ashanti (AU) Shares Gap Up to $9.68
AngloGold Ashanti Limited (NYSE:AU) shares gapped up before the market opened on Friday . The stock had previously closed at $10.28, but opened at $9.68. AngloGold Ashanti shares last traded at $9.63, with a volume of 326189 shares.
A number of research analysts have weighed in on the company. ValuEngine raised AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Tuesday, October 9th. Finally, Royal Bank of Canada downgraded AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. AngloGold Ashanti has a consensus rating of “Buy” and an average price target of $10.50.
The firm has a market capitalization of $3.51 billion, a P/E ratio of 161.67 and a beta of -0.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 0.79.
About AngloGold Ashanti (NYSE:AU)
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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