AngloGold Ashanti (AU) Sees Large Volume Increase
AngloGold Ashanti Limited (NYSE:AU) saw an uptick in trading volume on Friday . 33,017,973 shares traded hands during mid-day trading, an increase of 669% from the previous session’s volume of 4,291,121 shares.The stock last traded at $13.60 and had previously closed at $13.14.
Several equities analysts recently issued reports on AU shares. Zacks Investment Research cut AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Monday, December 3rd. Scotiabank reaffirmed a “hold” rating and issued a $14.00 price objective on shares of AngloGold Ashanti in a research report on Sunday, January 20th. ValuEngine raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Finally, BMO Capital Markets started coverage on AngloGold Ashanti in a research report on Monday, December 10th. They issued a “market perform” rating and a $11.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.50.
The stock has a market cap of $5.57 billion, a PE ratio of 25.66, a P/E/G ratio of 0.99 and a beta of -1.04. The company has a quick ratio of 0.73, a current ratio of 1.55 and a debt-to-equity ratio of 0.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of AngloGold Ashanti by 10.5% during the 4th quarter. American Century Companies Inc. now owns 583,776 shares of the mining company’s stock valued at $7,326,000 after buying an additional 55,300 shares during the period. Geode Capital Management LLC bought a new position in shares of AngloGold Ashanti during the 4th quarter valued at $603,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of AngloGold Ashanti by 21.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 837,300 shares of the mining company’s stock valued at $10,509,000 after buying an additional 148,100 shares during the period. OLD Mission Capital LLC bought a new position in shares of AngloGold Ashanti during the 4th quarter valued at $269,000. Finally, Two Sigma Advisers LP lifted its holdings in shares of AngloGold Ashanti by 98.3% during the 4th quarter. Two Sigma Advisers LP now owns 977,100 shares of the mining company’s stock valued at $12,263,000 after buying an additional 484,300 shares during the period. 40.31% of the stock is currently owned by hedge funds and other institutional investors.
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About AngloGold Ashanti (NYSE:AU)
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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