AngloGold Ashanti plc (NYSE:AU) Receives $31.75 Average PT from Analysts

Shares of AngloGold Ashanti plc (NYSE:AU) have earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.75.

A number of research firms have recently commented on AU. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On AngloGold Ashanti

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of AngloGold Ashanti by 1.0% in 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 during the last quarter. Sei Investments Co. grew its position in shares of AngloGold Ashanti by 1.0% in the 2nd 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 in the last quarter. Sprott Inc. increased its holdings in shares of AngloGold Ashanti by 0.7% in the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company’s stock valued at $2,104,000 after acquiring an additional 662 shares during the last quarter. Rhumbline Advisers raised its position in shares of AngloGold Ashanti by 9.3% during the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company’s stock valued at $248,000 after acquiring an additional 910 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in AngloGold Ashanti by 17.6% during the fourth quarter. Blue Trust Inc. now owns 7,043 shares of the mining company’s stock worth $163,000 after purchasing an additional 1,052 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock opened at $30.89 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti has a 1 year low of $16.49 and a 1 year high of $32.57. The firm has a 50 day moving average price of $25.66 and a 200 day moving average price of $27.23.

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.