AngloGold Ashanti plc (NYSE:AU) Receives $33.67 Average Price Target from Analysts

AngloGold Ashanti plc (NYSE:AU) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $33.67.

A number of research firms have weighed in on AU. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a research note on Thursday. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

AngloGold Ashanti Stock Performance

Shares of NYSE AU opened at $25.20 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $26.99. AngloGold Ashanti has a 12-month low of $15.80 and a 12-month high of $32.57.

Hedge Funds Weigh In On AngloGold Ashanti

Several institutional investors have recently modified their holdings of AU. Chesapeake Capital Corp IL grew its stake in shares of AngloGold Ashanti by 3.1% during the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after purchasing an additional 429 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of AngloGold Ashanti by 17.3% during the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after purchasing an additional 433 shares in the last quarter. US Bancorp DE grew its stake 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 purchasing an additional 466 shares in the last quarter. CWM LLC grew its stake 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 purchasing an additional 493 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

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.