AngloGold Ashanti (NYSE:AU) Sets New 12-Month High – What’s Next?

AngloGold Ashanti plc (NYSE:AU)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $33.22 and last traded at $33.12, with a volume of 568114 shares. The stock had previously closed at $31.43.

Analyst Ratings Changes

A number of research firms have recently commented on AU. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, December 3rd. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.75.

AngloGold Ashanti Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $27.37.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of AngloGold Ashanti by 1.0% in the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock valued at $1,254,000 after acquiring an additional 466 shares during the last quarter. Sprott Inc. increased its stake in AngloGold Ashanti by 0.7% in the 4th quarter. Sprott Inc. now owns 91,168 shares of the mining company’s stock worth $2,104,000 after purchasing an additional 662 shares during the period. EverSource Wealth Advisors LLC lifted its position in AngloGold Ashanti by 210.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company’s stock valued at $27,000 after purchasing an additional 796 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of AngloGold Ashanti by 9.3% during the fourth quarter. Rhumbline Advisers now owns 10,745 shares of the mining company’s stock valued at $248,000 after purchasing an additional 910 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 17.6% during the fourth quarter. Blue Trust Inc. now owns 7,043 shares of the mining company’s stock valued at $163,000 after purchasing an additional 1,052 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.