AngloGold Ashanti Ltd. (AU) Short Interest Down 26.6% in September
AngloGold Ashanti Ltd. (NYSE:AU) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,148,018 shares, a decline of 26.6% from the August 31st total of 1,564,109 shares. Based on an average daily trading volume, of 4,152,771 shares, the short-interest ratio is presently 0.3 days.
Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in AngloGold Ashanti by 44.7% in the first quarter. Renaissance Technologies LLC now owns 3,940,100 shares of the mining company’s stock valued at $53,940,000 after buying an additional 1,217,400 shares in the last quarter. Moore Capital Management LP bought a new stake in AngloGold Ashanti during the first quarter valued at $2,875,000. Wellington Management Group LLP raised its stake in AngloGold Ashanti by 165.9% in the first quarter. Wellington Management Group LLP now owns 2,797,946 shares of the mining company’s stock valued at $38,304,000 after buying an additional 1,745,858 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in AngloGold Ashanti by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 97,524 shares of the mining company’s stock valued at $1,746,000 after buying an additional 6,896 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new stake in AngloGold Ashanti during the first quarter valued at $13,688,000. Institutional investors own 39.88% of the company’s stock.
AngloGold Ashanti (NYSE:AU) opened at 13.59 on Friday. The company’s 50-day moving average is $16.51 and its 200-day moving average is $16.82. AngloGold Ashanti has a one year low of $6.20 and a one year high of $22.91. The firm has a market cap of $5.54 billion, a PE ratio of 50.71 and a beta of -0.93.
A number of equities research analysts recently weighed in on the stock. Jefferies Group reissued a “buy” rating on shares of AngloGold Ashanti in a research note on Tuesday, August 23rd. Citigroup Inc. reissued a “sell” rating on shares of AngloGold Ashanti in a research note on Thursday, August 18th. Zacks Investment Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, July 12th. Finally, Deutsche Bank AG downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.00.
About AngloGold Ashanti
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
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