AngloGold Ashanti (NYSE:AU) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other research analysts also recently commented on AU. JPMorgan Chase & Co. raised their price target on shares of AngloGold Ashanti from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Scotiabank raised shares of AngloGold Ashanti from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $55.00 to $90.00 in a research report on Thursday, October 23rd. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. HSBC reissued a “reduce” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, October 9th. Finally, Roth Capital set a $76.00 price objective on AngloGold Ashanti and gave the stock a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.17.

AngloGold Ashanti Trading Down 1.3%

Shares of NYSE AU opened at $67.10 on Friday. AngloGold Ashanti has a fifty-two week low of $22.45 and a fifty-two week high of $79.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a market cap of $28.16 billion, a price-to-earnings ratio of 17.85 and a beta of 0.53. The business’s 50 day moving average price is $67.15 and its 200-day moving average price is $54.18.

AngloGold Ashanti (NYSE:AU) last announced its quarterly earnings data on Friday, August 1st. The mining company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.06). AngloGold Ashanti had a net margin of 23.60% and a return on equity of 22.54%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.29 billion. On average, sell-side analysts expect that AngloGold Ashanti will post 3.83 earnings per share for the current year.

Institutional Trading of AngloGold Ashanti

Hedge funds have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in shares of AngloGold Ashanti in the 3rd quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in AngloGold Ashanti in the first quarter valued at about $30,000. Financial Management Professionals Inc. bought a new position in AngloGold Ashanti in the second quarter worth about $30,000. SVB Wealth LLC purchased a new stake in shares of AngloGold Ashanti during the first quarter valued at about $32,000. Finally, Optimum Investment Advisors purchased a new stake in shares of AngloGold Ashanti during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

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.