Shares of AngloGold Ashanti Limited (NYSE:AU) shot up 7.3% on Friday . The stock traded as high as $13.39 and last traded at $13.29. 4,974,635 shares traded hands during trading, an increase of 44% from the average session volume of 3,444,928 shares. The stock had previously closed at $12.39.

AU has been the topic of several analyst reports. ValuEngine upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.33.

The firm has a market cap of $5.07 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.63 and a beta of -1.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of AngloGold Ashanti by 15.8% during the 1st quarter. BlackRock Inc. now owns 14,814,583 shares of the mining company’s stock worth $194,071,000 after buying an additional 2,020,594 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AngloGold Ashanti by 338.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,706,577 shares of the mining company’s stock worth $48,556,000 after buying an additional 2,861,120 shares in the last quarter. Oaktree Capital Management LP boosted its holdings in shares of AngloGold Ashanti by 3.1% during the 1st quarter. Oaktree Capital Management LP now owns 3,170,233 shares of the mining company’s stock worth $41,530,000 after buying an additional 93,995 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of AngloGold Ashanti by 4.5% during the 1st quarter. Tocqueville Asset Management L.P. now owns 3,057,733 shares of the mining company’s stock worth $40,056,000 after buying an additional 130,333 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings 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 buying an additional 2,295,235 shares in the last quarter. Institutional investors and hedge funds own 38.37% of the company’s stock.

WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/anglogold-ashanti-au-shares-up-7-3/3029412.html.

AngloGold Ashanti Company Profile (NYSE:AU)

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.

Further Reading: What does a bar chart display?

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.