AngloGold Ashanti Ltd. (AU) Sees Large Volume Increase
Shares of AngloGold Ashanti Ltd. (NYSE:AU) saw an uptick in trading volume on Friday . 2,911,923 shares traded hands during trading, a decline of 4% from the previous session’s volume of 3,047,219 shares.The stock last traded at $18.04 and had previously closed at $17.80.
A number of research firms have commented on AU. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup Inc. reaffirmed a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday, August 18th. Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Jefferies Group reissued a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.17.
The company has a market capitalization of $7.23 billion and a P/E ratio of 66.16. The firm’s 50-day moving average price is $20.71 and its 200-day moving average price is $16.08.
A hedge fund recently raised its stake in AngloGold Ashanti stock. I.G. Investment Management LTD. increased its stake in AngloGold Ashanti Ltd. (NYSE:AU) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,076,002 shares of the mining company’s stock after buying an additional 86,700 shares during the period. I.G. Investment Management LTD. owned 0.27% of AngloGold Ashanti worth $7,640,000 at the end of the most recent reporting period.
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