AngloGold Ashanti (NYSE:AU) Price Target Lowered to $134.00 at JPMorgan Chase & Co.

AngloGold Ashanti (NYSE:AUGet Free Report) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $155.00 to $134.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 75.24% from the stock’s current price.

Other research analysts have also issued research reports about the company. Weiss Ratings lowered AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Freedom Capital raised AngloGold Ashanti to a “strong-buy” rating in a research report on Friday, June 26th. Citigroup cut their target price on AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital reduced their price target on shares of AngloGold Ashanti from $121.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.50.

View Our Latest Stock Analysis on AU

AngloGold Ashanti Stock Performance

NYSE AU traded down $2.67 during trading hours on Thursday, reaching $76.47. The company’s stock had a trading volume of 1,159,765 shares, compared to its average volume of 3,012,340. The company has a current ratio of 2.71, a quick ratio of 2.11 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $88.91 and a 200 day simple moving average of $97.06. AngloGold Ashanti has a 52 week low of $45.36 and a 52 week high of $129.14. The stock has a market cap of $38.61 billion, a PE ratio of 11.20 and a beta of 0.65.

AngloGold Ashanti (NYSE:AUGet Free Report) last posted its earnings results on Friday, May 8th. The mining company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.27 by $0.25. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.26 billion. AngloGold Ashanti had a return on equity of 36.41% and a net margin of 31.11%. Equities research analysts predict that AngloGold Ashanti will post 8.91 earnings per share for the current fiscal year.

Institutional Trading of AngloGold Ashanti

Large investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new stake in AngloGold Ashanti during the 1st quarter valued at $26,000. Zions Bancorporation National Association UT bought a new position in shares of AngloGold Ashanti in the fourth quarter worth $31,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of AngloGold Ashanti during the fourth quarter valued at $34,000. Ancora Advisors LLC acquired a new position in shares of AngloGold Ashanti during the third quarter valued at $35,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of AngloGold Ashanti during the fourth quarter valued at $36,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Company Profile

(Get Free Report)

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.

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Analyst Recommendations for AngloGold Ashanti (NYSE:AU)

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