AngloGold Ashanti Target of Unusually Large Options Trading (AU)
AngloGold Ashanti Limited (NYSE:AU) was the target of unusually large options trading activity on Tuesday. Traders purchased 14,500 call options on the stock. This represents an increase of 1,630% compared to the typical daily volume of 838 call options.
AngloGold Ashanti stock opened at $15.51 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 1.84. The firm has a market cap of $5.56 billion, a PE ratio of 258.50 and a beta of -0.91. AngloGold Ashanti has a fifty-two week low of $7.07 and a fifty-two week high of $15.86.
Several research firms have issued reports on AU. ValuEngine upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Scotiabank reiterated a “hold” rating and issued a $14.00 target price on shares of AngloGold Ashanti in a research note on Sunday, January 20th. BMO Capital Markets began coverage on shares of AngloGold Ashanti in a research note on Monday, December 10th. They issued a “market perform” rating and a $11.00 target price on the stock. Finally, Citigroup cut shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.50.
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AngloGold Ashanti Company Profile
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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