AngloGold Ashanti plc (NYSE:AU) Receives Average Rating of “Hold” from Analysts

Shares of AngloGold Ashanti plc (NYSE:AU) have received an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.75.

Several equities research analysts have recently commented on AU shares. JPMorgan Chase & Co. upped their price target on shares of AngloGold Ashanti from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. HSBC lowered shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Scotiabank increased their target price on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Finally, StockNews.com raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Friday, February 23rd.

AngloGold Ashanti Stock Up 0.9 %

NYSE AU opened at $23.95 on Friday. AngloGold Ashanti has a 52 week low of $14.91 and a 52 week high of $26.01. The company has a 50-day moving average price of $23.72 and a 200-day moving average price of $20.78.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors have recently added to or reduced their stakes in AU. DekaBank Deutsche Girozentrale grew its holdings in AngloGold Ashanti by 11.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 55,500 shares of the mining company’s stock valued at $899,000 after buying an additional 5,500 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of AngloGold Ashanti by 6.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 49,586 shares of the mining company’s stock valued at $783,000 after acquiring an additional 3,189 shares during the last quarter. Korea Investment CORP bought a new position in shares of AngloGold Ashanti during the 3rd quarter valued at approximately $2,392,000. FMR LLC boosted its position in shares of AngloGold Ashanti by 35,493.9% during the 3rd quarter. FMR LLC now owns 1,279,602 shares of the mining company’s stock valued at $20,593,000 after acquiring an additional 1,276,007 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of AngloGold Ashanti by 306.1% during the 3rd quarter. Invesco Ltd. now owns 1,272,803 shares of the mining company’s stock valued at $20,110,000 after acquiring an additional 959,346 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other 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.