AngloGold Ashanti Limited (NYSE:AU) has received an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.50.

AU has been the topic of a number of research reports. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Deutsche Bank raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price target for the company in a report on Monday, November 13th. raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, J P Morgan Chase & Co raised AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can lifted its holdings in AngloGold Ashanti by 4.3% in the second quarter. Bank of Montreal Can now owns 52,654 shares of the mining company’s stock valued at $512,000 after acquiring an additional 2,176 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in AngloGold Ashanti by 11.3% in the second quarter. BNP Paribas Arbitrage SA now owns 55,611 shares of the mining company’s stock valued at $541,000 after acquiring an additional 5,634 shares during the period. GAM Holding AG lifted its holdings in AngloGold Ashanti by 27.3% in the second quarter. GAM Holding AG now owns 840,000 shares of the mining company’s stock valued at $8,165,000 after acquiring an additional 180,000 shares during the period. Airain ltd acquired a new stake in AngloGold Ashanti in the second quarter valued at $4,490,000. Finally, JPMorgan Chase & Co. lifted its holdings in AngloGold Ashanti by 1,417.6% in the second quarter. JPMorgan Chase & Co. now owns 175,405 shares of the mining company’s stock valued at $1,705,000 after acquiring an additional 163,847 shares during the period. 31.43% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti (NYSE:AU) opened at $9.41 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.65 and a current ratio of 1.57. AngloGold Ashanti has a 1 year low of $8.86 and a 1 year high of $13.68.

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About AngloGold Ashanti

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 (NYSE:AU)

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