AngloGold Ashanti plc (NYSE:AU) Receives $31.75 Consensus Target Price from Brokerages

AngloGold Ashanti plc (NYSE:AU) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.75.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AU. Assenagon Asset Management S.A. purchased a new stake in AngloGold Ashanti in the 4th quarter worth $248,000. JPMorgan Chase & Co. grew its position in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the period. Tidal Investments LLC increased its stake in shares of AngloGold Ashanti by 80.5% during the third quarter. Tidal Investments LLC now owns 25,452 shares of the mining company’s stock worth $678,000 after purchasing an additional 11,352 shares in the last quarter. TT International Asset Management LTD raised its position in shares of AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in AngloGold Ashanti by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 327,108 shares of the mining company’s stock valued at $8,711,000 after buying an additional 8,676 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Up 4.1 %

AngloGold Ashanti stock opened at $26.48 on Wednesday. AngloGold Ashanti has a 52 week low of $15.80 and a 52 week high of $32.57. The stock has a 50-day moving average price of $24.81 and a 200 day moving average price of $27.20. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 8.28 and a beta of 0.94.

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.