AngloGold Ashanti (NYSE:AU) Stock Rating Lowered by Wall Street Zen

AngloGold Ashanti (NYSE:AU) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. HSBC restated a “reduce” rating and set a $55.00 price target on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Weiss Ratings upgraded shares of AngloGold Ashanti from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Finally, Citigroup assumed coverage on shares of AngloGold Ashanti in a research report on Monday, October 27th. They set a “buy” rating and a $90.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

AngloGold Ashanti Trading Down 1.3%

Shares of NYSE:AU opened at $68.11 on Friday. The company has a market cap of $28.59 billion, a PE ratio of 18.11 and a beta of 0.53. The company’s 50-day moving average price is $66.89 and its 200 day moving average price is $54.01. AngloGold Ashanti has a fifty-two week low of $22.45 and a fifty-two week high of $79.94. The company has a quick ratio of 2.22, a current ratio of 2.99 and a debt-to-equity ratio of 0.22.

AngloGold Ashanti (NYSE:AU) last issued its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. Sell-side analysts anticipate that AngloGold Ashanti will post 3.83 earnings per share for the current year.

Institutional Trading of AngloGold Ashanti

A number of hedge funds and other institutional investors have recently made changes to their positions in AU. Bank of New York Mellon Corp raised its holdings in shares of AngloGold Ashanti by 12.3% in the 1st quarter. Bank of New York Mellon Corp now owns 673,608 shares of the mining company’s stock worth $25,004,000 after purchasing an additional 73,671 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of AngloGold Ashanti by 19.8% in the 1st quarter. Ninety One UK Ltd now owns 2,337,673 shares of the mining company’s stock worth $86,774,000 after purchasing an additional 386,078 shares in the last quarter. Greenleaf Trust bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $270,000. Alps Advisors Inc. raised its holdings in shares of AngloGold Ashanti by 139.6% in the 1st quarter. Alps Advisors Inc. now owns 103,365 shares of the mining company’s stock worth $3,837,000 after purchasing an additional 60,218 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of AngloGold Ashanti in the 1st quarter worth approximately $312,000. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.