AngloGold Ashanti Limited (NYSE:AU – Get Rating) saw unusually-high trading volume on Tuesday . Approximately 203,366 shares changed hands during trading, a decline of 92% from the previous session's volume of 2,603,007 shares.The stock last traded at $14.70 and had previously closed at $14.65.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on AU shares. Investec raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of AngloGold Ashanti from $21.00 to $19.00 in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.73.
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The firm's fifty day moving average is $15.70 and its 200-day moving average is $19.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.69 and a quick ratio of 1.80.
Institutional Trading of AngloGold Ashanti
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC increased its stake in AngloGold Ashanti by 83.0% during the second quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company's stock worth $42,000 after purchasing an additional 1,298 shares during the period. Assenagon Asset Management S.A. increased its stake in AngloGold Ashanti by 44.9% during the second quarter. Assenagon Asset Management S.A. now owns 109,159 shares of the mining company's stock worth $1,614,000 after purchasing an additional 33,820 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in AngloGold Ashanti by 2.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 95,403 shares of the mining company's stock worth $1,411,000 after purchasing an additional 2,123 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of AngloGold Ashanti by 26.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 334,091 shares of the mining company's stock worth $4,941,000 after buying an additional 70,500 shares in the last quarter. Finally, LGT Capital Partners LTD. grew its position in shares of AngloGold Ashanti by 42.6% during the second quarter. LGT Capital Partners LTD. now owns 1,189,450 shares of the mining company's stock worth $17,592,000 after buying an additional 355,190 shares in the last quarter. 31.89% of the stock is currently owned by hedge funds and other institutional investors.About AngloGold Ashanti
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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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