AngloGold Ashanti (AU) Rating Lowered to Hold at Zacks Investment Research

AngloGold Ashanti (AU) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia. “

AU has been the topic of a number of other reports. Royal Bank of Canada upgraded AngloGold Ashanti from a sector perform rating to an outperform rating and set a $11.50 target price on the stock in a research report on Monday, November 13th. raised shares of AngloGold Ashanti from a hold rating to a buy rating in a research note on Tuesday, November 7th. ValuEngine lowered shares of AngloGold Ashanti from a hold rating to a sell rating in a research note on Sunday, December 31st. Finally, Deutsche Bank raised shares of AngloGold Ashanti from a hold rating to a buy rating in a research note on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $11.25.

Shares of AngloGold Ashanti (AU) opened at $10.45 on Thursday. AngloGold Ashanti has a 12-month low of $8.86 and a 12-month high of $13.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.65 and a current ratio of 1.57. The company has a market capitalization of $4,380.00, a PE ratio of -26.13, a PEG ratio of 0.24 and a beta of -1.18.

In related news, Director Lotan Holdings Inc. purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were purchased at an average cost of $0.92 per share, with a total value of $46,000.00.

A number of institutional investors have recently modified their holdings of AU. Deutsche Bank AG lifted its stake in AngloGold Ashanti by 233.0% in the 4th quarter. Deutsche Bank AG now owns 3,336,817 shares of the mining company’s stock valued at $34,002,000 after buying an additional 2,334,622 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in AngloGold Ashanti in the 4th quarter valued at about $14,112,000. Arrowstreet Capital Limited Partnership purchased a new position in AngloGold Ashanti in the 4th quarter valued at about $7,335,000. Two Sigma Investments LP lifted its stake in AngloGold Ashanti by 2,351.4% in the 4th quarter. Two Sigma Investments LP now owns 666,023 shares of the mining company’s stock valued at $6,787,000 after buying an additional 638,854 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in AngloGold Ashanti by 28.9% in the 4th quarter. Allianz Asset Management GmbH now owns 1,925,708 shares of the mining company’s stock valued at $19,623,000 after buying an additional 431,921 shares in the last quarter. 30.85% of the stock is currently owned by hedge funds and other institutional investors.

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AngloGold Ashanti Company Profile

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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Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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Zacks Investment Research downgraded shares of AngloGold Ashanti (NYSE:AU) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia. “

A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of AngloGold Ashanti from a hold rating to a sell rating in a research note on Saturday, February 3rd. Deutsche Bank raised shares of AngloGold Ashanti from a hold rating to a buy rating in a research note on Thursday, November 30th. Royal Bank of Canada raised shares of AngloGold Ashanti from a sector perform rating to an outperform rating and set a $11.50 price target on the stock in a research report on Monday, November 13th. Finally, raised shares of AngloGold Ashanti from a hold rating to a buy rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. AngloGold Ashanti has an average rating of Hold and a consensus price target of $11.25.

AngloGold Ashanti (NYSE AU) opened at $10.45 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. AngloGold Ashanti has a 12 month low of $8.86 and a 12 month high of $13.31. The firm has a market cap of $4,380.00, a P/E ratio of -26.13, a price-to-earnings-growth ratio of 0.24 and a beta of -1.18.

In other news, Director Lotan Holdings Inc. purchased 50,000 shares of AngloGold Ashanti stock in a transaction dated Tuesday, January 23rd. The shares were purchased at an average price of $0.92 per share, with a total value of $46,000.00.

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in AngloGold Ashanti by 1.3% in the 2nd quarter. FMR LLC now owns 3,838,325 shares of the mining company’s stock valued at $37,309,000 after purchasing an additional 48,640 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in AngloGold Ashanti in the 2nd quarter valued at approximately $183,000. State Street Corp increased its holdings in AngloGold Ashanti by 17.4% in the 2nd quarter. State Street Corp now owns 160,609 shares of the mining company’s stock valued at $1,560,000 after purchasing an additional 23,804 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in AngloGold Ashanti in the 2nd quarter valued at approximately $442,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in AngloGold Ashanti by 22.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,292 shares of the mining company’s stock valued at $285,000 after purchasing an additional 5,314 shares during the last quarter. 30.85% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/19/anglogold-ashanti-au-rating-lowered-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on AngloGold Ashanti (AU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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