AngloGold Ashanti (NYSE: AU) was demoted by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note released Friday, reports ValuEngine.
A number of other equity research analysts have also published reports on the stock. BMO Capital Markets downgraded AngloGold Ashanti shares from an “outperformance” rating to a “market performance” rating in a research note on Friday, July 31. Royal Bank of Canada reworded a “buy” note on AngloGold Ashanti shares in a research note on Thursday, October 15. Zacks Investment Research upgraded AngloGold Ashanti shares from a “hold” rating to a “buy” rating and set a target price of $ 26.00 on the stock in a research note on Thursday, November 12. Finally, Fundamental Research restated a “buy” note and issued a price target of $ 48.29 on AngloGold Ashanti shares in a research note on Thursday, August 27. One investment analyst rated the stock with a sell rating, three issued a maintain rating, and four assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $ 35.10.
UA shares opened at $ 22.22 on Friday. The company has a market cap of $ 9.21 billion, a P / E ratio of 24.42, a P / E / G ratio of 0.36, and a beta of 0.55. The company’s fifty-day moving average price is $ 25.51 and its two-hundred-day moving average price is $ 27.49. The company has a leverage ratio of 0.85, a current ratio of 2.65 and a quick ratio of 1.99. AngloGold Ashanti has a 12 month minimum of $ 12.66 and a 12 month maximum of $ 38.50.
Several large investors have recently changed their positions in UA. AQR Capital Management LLC increased its position in AngloGold Ashanti shares by 1,809.2% during the 2nd quarter. AQR Capital Management LLC now owns 3,194,093 shares of the mining company valued at $ 94,194,000 after purchasing an additional 3,026,796 shares in the last quarter. Acadian Asset Management LLC increased its holdings of AngloGold Ashanti shares by 606.7% in the third quarter. Acadian Asset Management LLC now owns 2,618,539 shares of the mining company valued at $ 69,077,000 after acquiring an additional 2,248,012 shares in the last quarter. Russell Investments Group Ltd. increased its holdings of AngloGold Ashanti shares by 36.4% in the second quarter. Russell Investments Group Ltd. now owns 3,869,782 shares of the mining company valued at $ 113,588,000 after acquiring an additional 1,032,136 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of AngloGold Ashanti in the second quarter valued at approximately $ 20,386,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings of AngloGold Ashanti shares by 11.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,213,338 shares of the mining company valued at $ 111,148,000 after acquiring an additional 439,243 shares in the last quarter. 28.93% of the shares are held by institutional investors and hedge funds.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium and sulfuric acid; and dÃ³re bars. The company operates 14 mines and three projects in nine countries in South Africa, mainland Africa, the Americas and Australia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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To view the full ValuEngine report, visit the official ValuEngine website.
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