AngloGold Ashanti Limited (NYSE:AU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $16.50, but opened at $17.06. AngloGold Ashanti shares last traded at $18.37, with a volume of 329,460 shares.
Several brokerages have weighed in on AU. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, July 9th. ValuEngine cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets upgraded shares of AngloGold Ashanti from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, June 27th. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 price objective for the company in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. AngloGold Ashanti presently has an average rating of “Hold” and a consensus target price of $18.01.
The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $17.80. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 0.46 and a beta of -0.79.
AngloGold Ashanti Company Profile (NYSE:AU)
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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