BidaskClub upgraded shares of AngloGold Ashanti Limited (NYSE:AU) from a strong sell rating to a sell rating in a research report sent to investors on Monday.

AU has been the topic of a number of other research reports. Zacks Investment Research lowered shares of AngloGold Ashanti Limited from a hold rating to a sell rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) lowered shares of AngloGold Ashanti Limited from a buy rating to a neutral rating in a research report on Monday, April 24th. ValuEngine lowered shares of AngloGold Ashanti Limited from a hold rating to a sell rating in a research report on Tuesday, June 27th. CIBC lowered shares of AngloGold Ashanti Limited from a sector outperform rating to a sector perform rating in a research report on Monday, May 8th. Finally, Royal Bank Of Canada lowered shares of AngloGold Ashanti Limited from an outperform rating to a sector perform rating and lifted their price target for the stock from $11.96 to $12.43 in a research report on Monday, April 24th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $13.22.

AngloGold Ashanti Limited (AU) traded down 0.51% during midday trading on Monday, reaching $9.72. The company had a trading volume of 947,593 shares. The company has a market capitalization of $3.97 billion, a P/E ratio of 64.80 and a beta of -1.37. The company’s 50 day moving average is $9.72 and its 200-day moving average is $11.09. AngloGold Ashanti Limited has a 52-week low of $8.93 and a 52-week high of $20.39.

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Institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in AngloGold Ashanti Limited by 13.5% in the first quarter. Gabelli Funds LLC now owns 960,700 shares of the mining company’s stock worth $10,347,000 after buying an additional 114,500 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in AngloGold Ashanti Limited by 10.9% in the first quarter. UBS Asset Management Americas Inc. now owns 620,875 shares of the mining company’s stock worth $6,687,000 after buying an additional 60,888 shares in the last quarter. World Asset Management Inc raised its position in AngloGold Ashanti Limited by 1.2% in the first quarter. World Asset Management Inc now owns 25,360 shares of the mining company’s stock worth $273,000 after buying an additional 308 shares in the last quarter. Comerica Bank raised its position in AngloGold Ashanti Limited by 1.3% in the first quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock worth $263,000 after buying an additional 306 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in AngloGold Ashanti Limited by 218.1% in the first quarter. Bank of New York Mellon Corp now owns 831,541 shares of the mining company’s stock worth $8,956,000 after buying an additional 570,117 shares in the last quarter. 35.14% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Limited Company Profile

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.

Analyst Recommendations for AngloGold Ashanti Limited (NYSE:AU)

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