AngloGold Ashanti (NYSE:AU) Stock Rating Lowered by Wall Street Zen
Wall Street Zen downgraded AngloGold Ashanti (NYSE:AU) from a "strong-buy" to a "buy" rating. Other analysts have varied opinions, with HSBC issuing a "reduce" rating and a $35 price target, while JPMorgan raised its target from $33 to $53. The stock currently has a consensus rating of "Moderate Buy" and a price target of $41.30. AngloGold Ashanti's shares opened at $43.82, with a market cap of $18.39 billion and a 52-week range of $22.13 to $46.90. The company reported $0.88 EPS and $1.93 billion in revenue for the last quarter.
AngloGold Ashanti (NYSE:AU - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.
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A number of other equities analysts have also commented on the company. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Scotiabank increased their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada increased their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.30.
Read Our Latest Stock Analysis on AngloGold Ashanti
AngloGold Ashanti Stock Down 0.5%
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Shares of AngloGold Ashanti stock opened at $43.82 on Friday. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 14.41 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a 52-week low of $22.13 and a 52-week high of $46.90. The stock has a 50-day simple moving average of $40.60 and a 200-day simple moving average of $32.45.
AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, equities research analysts expect that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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A number of hedge funds have recently modified their holdings of the stock. Global Trust Asset Management LLC bought a new position in AngloGold Ashanti in the first quarter valued at about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $30,000. SVB Wealth LLC acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $32,000. Whittier Trust Co. acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth approximately $25,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after purchasing an additional 796 shares during the period. Institutional investors own 36.09% of the company's stock.
About AngloGold Ashanti
(Get Free Report)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.
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