AngloGold Ashanti (AU) Trading Down 6.3%
AngloGold Ashanti Limited (NYSE:AU)’s share price fell 6.3% during trading on Wednesday . The stock traded as low as $9.12 and last traded at $9.14. 7,155,417 shares were traded during trading, an increase of 97% from the average session volume of 3,624,997 shares. The stock had previously closed at $9.75.
Several research firms have commented on AU. Deutsche Bank raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank Of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 target price on the stock in a research report on Monday, November 13th. raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, J P Morgan Chase & Co raised shares of AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.50.
The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.65 and a current ratio of 1.57.
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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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