AngloGold Ashanti (NYSE:AU) Stock Rating Lowered by StockNews.com

AngloGold Ashanti (NYSE:AU) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

AU has been the subject of a number of other research reports. Scotiabank reaffirmed a “sector underperform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. BMO Capital Markets upped their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Stock Down 2.1 %

NYSE:AU opened at $24.12 on Tuesday. AngloGold Ashanti has a 12 month low of $15.80 and a 12 month high of $32.57. The firm has a fifty day simple moving average of $27.88 and a 200-day simple moving average of $26.97. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Chesapeake Capital Corp IL lifted its stake in shares of AngloGold Ashanti by 3.1% in the 2nd quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after acquiring an additional 429 shares during the period. GAMMA Investing LLC increased its holdings in AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after acquiring an additional 433 shares in the last quarter. US Bancorp DE grew its holdings in shares of AngloGold Ashanti by 1.0% during the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after buying an additional 466 shares in the last quarter. CWM LLC grew its holdings in shares of AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after buying an additional 493 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of AngloGold Ashanti by 1.0% in the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after acquiring an additional 656 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

About AngloGold Ashanti

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.