AngloGold Ashanti Ltd. (AU) Trading 2.8% Higher
AngloGold Ashanti Ltd. (NYSE:AU)’s share price traded up 2.8% during trading on Thursday . The company traded as high as $16.68 and last traded at $16.54, with a volume of 2,653,215 shares traded. The stock had previously closed at $16.09.
Several equities research analysts have recently weighed in on the stock. Citigroup Inc. reaffirmed a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday, August 18th. Deutsche Bank AG cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Jefferies Group reaffirmed a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday, August 23rd. Finally, Zacks Investment Research cut shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.00.
The stock has a market capitalization of $6.95 billion and a P/E ratio of 63.58. The company’s 50 day moving average price is $20.12 and its 200-day moving average price is $16.25.
AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.
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