Analysts Set AngloGold Ashanti Limited (AU) Target Price at $13.33

AngloGold Ashanti Limited (NYSE:AU) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.33.

A number of brokerages have commented on AU. ValuEngine upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research lowered AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Finally, Scotiabank restated a “hold” rating and set a $14.00 price objective on shares of AngloGold Ashanti in a research report on Sunday, January 20th.

Shares of NYSE AU opened at $11.35 on Tuesday. AngloGold Ashanti has a one year low of $7.07 and a one year high of $15.86. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 0.62 and a beta of -1.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73.

The firm also recently disclosed an annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, March 22nd were given a dividend of $0.0679 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 0.46%. AngloGold Ashanti’s payout ratio is presently 9.43%.

Several institutional investors have recently made changes to their positions in AU. BlackRock Inc. lifted its holdings in shares of AngloGold Ashanti by 74.7% during the 3rd quarter. BlackRock Inc. now owns 13,766,968 shares of the mining company’s stock valued at $118,120,000 after buying an additional 5,888,394 shares during the last quarter. Morgan Stanley lifted its holdings in shares of AngloGold Ashanti by 131.6% during the 3rd quarter. Morgan Stanley now owns 4,009,645 shares of the mining company’s stock valued at $34,402,000 after buying an additional 2,278,635 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of AngloGold Ashanti by 105.9% during the 3rd quarter. Vanguard Group Inc. now owns 287,249 shares of the mining company’s stock valued at $2,465,000 after buying an additional 147,738 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of AngloGold Ashanti by 105.9% during the 3rd quarter. Vanguard Group Inc now owns 287,249 shares of the mining company’s stock valued at $2,465,000 after buying an additional 147,738 shares during the last quarter. Finally, USS Investment Management Ltd acquired a new stake in shares of AngloGold Ashanti during the 4th quarter valued at about $10,672,000. Institutional investors and hedge funds own 40.55% of the company’s stock.

About AngloGold Ashanti

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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