AngloGold Ashanti (NYSE:AU) Now Covered by TD Securities

Equities research analysts at TD Securities assumed coverage on shares of AngloGold Ashanti (NYSE:AU) in a research report issued on Monday, Zacks reports. The firm set a “strong-buy” rating on the mining company’s stock.

Several other research analysts have also commented on AU. Scotiabank decreased their price objective on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $139.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen started coverage on shares of AngloGold Ashanti in a research note on Monday. They set a “buy” rating and a $123.00 target price on the stock. Zacks Research upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Friday, September 11th. Finally, The Goldman Sachs Group assumed coverage on shares of AngloGold Ashanti in a research report on Thursday, October 15th. They set a “buy” rating and a $104.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $118.35.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock opened at $82.14 on Monday. The business has a 50 day moving average of $98.28 and a 200 day moving average of $96.79. AngloGold Ashanti has a 52 week low of $63.29 and a 52 week high of $129.14. The company has a market cap of $41.47 billion, a PE ratio of 11.01 and a beta of 0.73. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.05). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.20 billion. AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. As a group, equities research analysts forecast that AngloGold Ashanti will post 8.13 earnings per share for the current year.

Institutional Trading of AngloGold Ashanti

A number of hedge funds have recently modified their holdings of AU. Latitude Advisors LLC purchased a new stake in AngloGold Ashanti in the third quarter worth about $25,000. Ascentis Independent Advisors bought a new position in shares of AngloGold Ashanti during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new position in shares of AngloGold Ashanti during the third quarter valued at approximately $31,000. Ancora Advisors LLC purchased a new position in shares of AngloGold Ashanti during the second quarter valued at approximately $30,000. Finally, KBC Group NV purchased a new position in shares of AngloGold Ashanti during the first quarter valued at approximately $55,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.