AngloGold Ashanti (NYSE: AU) was upgraded by Zacks Investment Research from a "sell" classification to a "hold" rating in a report released on Wednesday, August 8th.
According to Zacks, "AngloGold Limited is the largest gold producer of 7 million ounces per year, with reserves of 126 ml." The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. through high cash generation, substantial reinvestment in long-term growth and significant dividend payments, the company is distinguished from its peer group through its active involvement in the development of the gold market, particularly in Asia. "
Separately, ValuEngine shares AngloGold Ashanti from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; credit in a report on Wednesday, May 2. One equity research analyst has assessed the shares with a sell rating, one has a hold rating and four have assigned a buy-rating to the company's shares. AngloGold Ashanti currently has an average rating of "Buy" and a target price target of $ 10.75.
Shares of the AU shares were traded $ 0.06 on Wednesday and reached $ 7.91. 1,953,847 shares of the shares traded hands, compared with the average volume of 2,991,897. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 0.79. The company has a market capitalization of $ 3.26 billion, a price-earnings ratio of 131.83 and a beta of -0.90. AngloGold Ashanti has a low of 52 weeks of $ 7.07 and a height of 52 weeks of $ 12.00.
Several large investors have recently adjusted their corporate ownership. Bridgewater Associates LP grew its shareholding in AngloGold Ashanti by 10.3% in the second quarter. Bridgewater Associates LP now owns 78,223 shares in the mining business for $ 642,000 after buying an additional 7,327 shares in the last quarter. TD Asset Management Inc. increased its stake in AngloGold Ashanti by 11.5% during the second quarter. TD Asset Management Inc. now holds 91,904 shares in the mining business valued at $ 755,000 after the purchase of 9.5.5 additional shares during the period. Bank of Montreal May increase its stake in AngloGold Ashanti by 8.9% in the second quarter. Bank of Montreal can now own 129,278 shares in the mining company worth $ 1,061,000 after the purchase of another 10,525 shares during the period. CIBC World Markets Inc. bought in the first quarter a new position in shares of AngloGold Ashanti worth about $ 102,000. Finally, ClariVest Asset Management LLC increased its stake in AngloGold Ashanti by 20.7% in the second quarter. ClariVest Asset Management LLC now owns 84,000 shares of the mining company valued at $ 690,000 after the purchase of 14,400 additional shares during the period. 38.33% of the shares are held by institutional investors and hedge funds.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide and sulfuric acid. The portfolio comprises 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, North and South America and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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