AngloGold Ashanti (NYSE:AU – Get Rating) had its price objective dropped by Deutsche Bank Aktiengesellschaft from $19.00 to $17.50 in a research report issued to clients and investors on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 8.49% from the company's previous close.
Separately, Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.23.
Get AngloGold Ashanti alerts:AngloGold Ashanti Stock Performance
AngloGold Ashanti stock traded up $1.14 during midday trading on Monday, reaching $16.13. The company's stock had a trading volume of 540,819 shares, compared to its average volume of 3,146,284. AngloGold Ashanti has a 52 week low of $13.47 and a 52 week high of $26.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.80 and a current ratio of 2.69. The business has a 50-day moving average price of $15.42 and a 200-day moving average price of $19.31.
Institutional Trading of AngloGold Ashanti
Large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of AngloGold Ashanti by 14.8% in the first quarter. Van ECK Associates Corp now owns 22,619,173 shares of the mining company's stock worth $535,848,000 after buying an additional 2,917,542 shares in the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of AngloGold Ashanti by 42.8% during the fourth quarter. Coronation Fund Managers Ltd. now owns 8,197,097 shares of the mining company's stock valued at $171,975,000 after buying an additional 2,458,059 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in shares of AngloGold Ashanti during the first quarter valued at approximately $18,479,000. Allianz Asset Management GmbH grew its stake in AngloGold Ashanti by 51.6% in the first quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company's stock worth $48,572,000 after purchasing an additional 697,908 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in AngloGold Ashanti by 44.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,412,291 shares of the mining company's stock worth $33,457,000 after purchasing an additional 432,001 shares in the last quarter. Institutional investors own 31.89% of the company's stock.About AngloGold Ashanti
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on AngloGold Ashanti (AU)
- Two Appealing Biotech Stocks for Two Distinct investors
- Is Tyson Foods A Buy On Post-Earnings Weakness?
- Is DoorDash Ready To Sprint Higher?
- Electric Vehicles Can Drive Alcoa Stock Higher
- Can Airbnb Still Thrive in a Recession?
Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.