Shares of AngloGold Ashanti Limited (NYSE:AU) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of research firms have issued reports on AU. Zacks Investment Research cut AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. ValuEngine upgraded AngloGold Ashanti from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. Finally, Royal Bank of Canada cut AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 18th.

Several hedge funds and other institutional investors have recently modified their holdings of AU. Van ECK Associates Corp raised its stake in shares of AngloGold Ashanti by 151.9% during the second quarter. Van ECK Associates Corp now owns 49,002,114 shares of the mining company’s stock valued at $402,307,000 after purchasing an additional 29,546,178 shares in the last quarter. BlackRock Inc. raised its stake in shares of AngloGold Ashanti by 38.5% during the first quarter. BlackRock Inc. now owns 25,975,108 shares of the mining company’s stock valued at $246,504,000 after purchasing an additional 7,226,555 shares in the last quarter. Ruffer LLP raised its stake in shares of AngloGold Ashanti by 106.1% during the second quarter. Ruffer LLP now owns 6,940,892 shares of the mining company’s stock valued at $56,950,000 after purchasing an additional 3,573,797 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of AngloGold Ashanti by 201.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,494,746 shares of the mining company’s stock valued at $20,482,000 after purchasing an additional 1,666,972 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of AngloGold Ashanti during the first quarter valued at about $14,009,000. Institutional investors and hedge funds own 38.33% of the company’s stock.

AU stock traded up $0.07 during mid-day trading on Thursday, reaching $8.81. The company had a trading volume of 8,791,428 shares, compared to its average volume of 2,721,123. The company has a current ratio of 1.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. AngloGold Ashanti has a one year low of $7.07 and a one year high of $12.00.

About AngloGold Ashanti

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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