AngloGold Ashanti (NYSE:AU – Get Rating) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $16.00 to $20.00 in a research report sent to investors on Wednesday, The Fly reports.
Several other equities research analysts have also issued reports on AU. Investec lowered AngloGold Ashanti from a buy rating to a sell rating in a research note on Friday, September 30th. StockNews.com started coverage on AngloGold Ashanti in a research note on Wednesday, October 12th. They set a hold rating for the company.
Get AngloGold Ashanti alerts:AngloGold Ashanti Stock Down 0.8 %
AngloGold Ashanti stock opened at $18.16 on Wednesday. AngloGold Ashanti has a 52 week low of $11.94 and a 52 week high of $26.96. The business has a 50-day simple moving average of $14.58 and a 200 day simple moving average of $15.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.09 and a current ratio of 3.02.
Institutional Investors Weigh In On AngloGold Ashanti
A number of hedge funds and other institutional investors have recently modified their holdings of AU. Larson Financial Group LLC bought a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at about $32,000. Lindbrook Capital LLC raised its position in AngloGold Ashanti by 83.0% during the 2nd quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company's stock valued at $42,000 after purchasing an additional 1,298 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in AngloGold Ashanti during the 3rd quarter valued at approximately $90,000. Ronald Blue Trust Inc. bought a new position in AngloGold Ashanti during the 2nd quarter valued at approximately $91,000. Finally, Greenleaf Trust bought a new position in AngloGold Ashanti during the 3rd quarter valued at approximately $140,000. 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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