AngloGold Ashanti (NYSE:AU – Get Rating) had its price target upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $20.00 in a research note issued on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 9.29% from the stock's current price.
AU has been the subject of several other reports. Investec downgraded shares of AngloGold Ashanti from a "buy" rating to a "sell" rating in a research note on Friday, September 30th. StockNews.com initiated coverage on AngloGold Ashanti in a research note on Wednesday, October 12th. They issued a "hold" rating for the company.
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Shares of AU opened at $18.30 on Wednesday. AngloGold Ashanti has a twelve month low of $11.94 and a twelve month high of $26.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.09 and a current ratio of 3.02. The company has a 50 day moving average of $14.47 and a two-hundred day moving average of $15.13.
Institutional Trading of AngloGold Ashanti
A number of large investors have recently modified their holdings of AU. Qube Research & Technologies Ltd acquired a new position in AngloGold Ashanti in the first quarter valued at $2,340,000. Oxbow Advisors LLC purchased a new position in AngloGold Ashanti in the first quarter valued at about $278,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $288,000. Capricorn Fund Managers Ltd purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $18,479,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $204,000. Hedge funds and other institutional investors own 25.23% of the company's stock.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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