AngloGold Ashanti (AU) Shares Gap Up to $10.43

AngloGold Ashanti Limited (NYSE:AU)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.15, but opened at $10.43. AngloGold Ashanti shares last traded at $10.67, with a volume of 3309000 shares traded.

AU has been the subject of a number of analyst reports. Zacks Investment Research downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Deutsche Bank raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. ValuEngine downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 target price for the company in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.75.

The firm has a market cap of $4,420.00, a P/E ratio of -26.58, a price-to-earnings-growth ratio of 0.29 and a beta of -1.40. The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 0.88.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AU. Fox Run Management L.L.C. acquired a new stake in AngloGold Ashanti during the 3rd quarter valued at $123,000. Balyasny Asset Management LLC acquired a new stake in AngloGold Ashanti during the 2nd quarter valued at $183,000. Quantbot Technologies LP acquired a new stake in AngloGold Ashanti during the 2nd quarter valued at $219,000. Nationwide Fund Advisors grew its holdings in AngloGold Ashanti by 202.5% during the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock valued at $226,000 after buying an additional 16,296 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in AngloGold Ashanti by 377.0% during the 3rd quarter. Virtu Financial LLC now owns 84,891 shares of the mining company’s stock valued at $241,000 after buying an additional 67,094 shares during the last quarter. 31.27% of the stock is owned by hedge funds and other institutional investors.

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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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