AngloGold Ashanti (NYSE:AU) PT Set at $110.00 by RBC Dominion Securities

AngloGold Ashanti (NYSE:AU – Get Free Report) received a $110.00 price target from analysts at RBC Dominion Securities in a research note issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the mining company’s stock. RBC Dominion Securities‘s target price would indicate a potential upside of 29.34% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of AngloGold Ashanti from $111.00 to $119.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group started coverage on shares of AngloGold Ashanti in a research report on Thursday, October 15th. They set a “buy” rating and a $104.00 price objective for the company. BMO Capital Markets downgraded shares of AngloGold Ashanti from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Thursday, September 10th. Roth Capital decreased their target price on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, Scotiabank dropped their target price on AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, AngloGold Ashanti currently has a consensus rating of “Buy” and a consensus price target of $118.06.

Read Our Latest Research Report on AU

AngloGold Ashanti Stock Performance

AU traded down $6.44 during trading on Thursday, hitting $85.05. The company’s stock had a trading volume of 2,327,902 shares, compared to its average volume of 2,865,878. 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 has a one year low of $62.55 and a one year high of $129.14. The firm has a market cap of $42.94 billion, a PE ratio of 11.40 and a beta of 0.73. The business’s 50 day simple moving average is $101.67 and its 200-day simple moving average is $94.61.

AngloGold Ashanti (NYSE:AU – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The mining company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.05). AngloGold Ashanti had a net margin of 32.19% and a return on equity of 38.77%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.20 billion. As a group, sell-side analysts predict that AngloGold Ashanti will post 8.18 EPS for the current fiscal year.

Institutional Trading of AngloGold Ashanti

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC acquired a new stake in shares of AngloGold Ashanti during the third quarter worth $200,000. Quadrant Capital Group LLC increased its holdings in AngloGold Ashanti by 2.9% in the third quarter. Quadrant Capital Group LLC now owns 7,975 shares of the mining company’s stock valued at $731,000 after buying an additional 224 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in AngloGold Ashanti by 376.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 78,607 shares of the mining company’s stock valued at $7,385,000 after purchasing an additional 62,093 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of AngloGold Ashanti by 6.2% in the third quarter. Diversify Advisory Services LLC now owns 4,290 shares of the mining company’s stock valued at $393,000 after buying an additional 252 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new position in AngloGold Ashanti during the third quarter worth about $209,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Company Profile

(Get Free Report)

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.

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Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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