Analysts Set AngloGold Ashanti plc (NYSE:AU) Target Price at $31.75

Shares of AngloGold Ashanti plc (NYSE:AU) have been given an average rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $31.75.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AU. CWM LLC boosted its stake in shares of AngloGold Ashanti by 26.1% during the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after acquiring an additional 493 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after acquiring an additional 2,679 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of AngloGold Ashanti during the 3rd quarter valued at $126,000. Ritholtz Wealth Management purchased a new position in shares of AngloGold Ashanti during the 3rd quarter valued at $222,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of AngloGold Ashanti during the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of AU opened at $24.54 on Friday. The company has a market capitalization of $10.30 billion, a P/E ratio of 7.67 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $26.60 and a 200 day moving average of $27.12. AngloGold Ashanti has a twelve month low of $15.80 and a twelve month high of $32.57.

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.