AngloGold Ashanti (NYSE:AU – Get Rating) had its target price upped by Deutsche Bank Aktiengesellschaft from $16.00 to $20.00 in a report issued on Wednesday morning, The Fly reports.
A number of other equities analysts also recently commented on the stock. Investec downgraded shares of AngloGold Ashanti from a buy rating to a sell rating in a research note on Friday, September 30th. StockNews.com started coverage on shares of AngloGold Ashanti in a research note on Wednesday, October 12th. They issued a hold rating for the company.
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AngloGold Ashanti stock opened at $18.16 on Wednesday. The company has a market capitalization of $7.59 billion, a PE ratio of 11.64, a P/E/G ratio of 3.36 and a beta of 0.58. AngloGold Ashanti has a fifty-two week low of $11.94 and a fifty-two week 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 price of $14.58 and a 200-day moving average price of $15.12.
Hedge Funds Weigh In On AngloGold Ashanti
Several institutional investors and hedge funds have recently bought and sold shares of AU. Qube Research & Technologies Ltd purchased a new position in AngloGold Ashanti in the first quarter worth $2,340,000. Oxbow Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $278,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $288,000. Capricorn Fund Managers Ltd purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $18,479,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at $204,000. 25.23% of the stock is 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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