AngloGold Ashanti PLC (NYSE:AU) Short Interest Update

AngloGold Ashanti PLC (NYSE:AU) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 5,421,656 shares, an increase of 29.1% from the January 15th total of 4,198,050 shares. Based on an average daily trading volume, of 4,112,518 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 4,112,518 shares, the days-to-cover ratio is currently 1.3 days.

AngloGold Ashanti Stock Performance

Shares of AU traded up $5.16 during midday trading on Monday, reaching $109.89. 1,629,760 shares of the stock were exchanged, compared to its average volume of 3,278,247. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. AngloGold Ashanti has a twelve month low of $28.44 and a twelve month high of $115.81. The business’s 50-day moving average price is $95.06 and its 200 day moving average price is $77.51. The company has a market capitalization of $55.48 billion, a price-to-earnings ratio of 24.21 and a beta of 0.59.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup upped their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Roth Mkm increased their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a report on Monday, December 15th. Scotiabank boosted their price objective on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Institutional Trading of AngloGold Ashanti

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HHM Wealth Advisors LLC acquired a new stake in AngloGold Ashanti in the third quarter worth approximately $25,000. Zions Bancorporation National Association UT acquired a new position in AngloGold Ashanti in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC grew its position in AngloGold Ashanti by 454.1% during the 4th quarter. Global Retirement Partners LLC now owns 471 shares of the mining company’s stock worth $40,000 after purchasing an additional 386 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of AngloGold Ashanti by 129.0% in the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after purchasing an additional 276 shares in the last quarter. Finally, Optimum Investment Advisors acquired a new stake in shares of AngloGold Ashanti in the third quarter worth $35,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.