AngloGold Ashanti (NYSE:AU) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded AngloGold Ashanti (NYSE:AU) from a "hold" to a "buy" rating in a research note issued on Saturday.
• Analyst sentiment is broadly positive — five Buy, one Hold and one Sell — with a consensus target price of $112.20; Citigroup raised its target to $120 and Roth MKM to $122.
• Shares opened at $92.57 (12‑month range $38.61–$129.14) and the company reported quarterly EPS of $1.90 and revenue of $3.07 billion, with a market cap of $46.74 billion and strong profitability metrics (net margin 26.65%, ROE 29.11%).

AngloGold Ashanti (NYSE:AU - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other analysts also recently issued reports on the stock. Citigroup increased their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Roth Mkm reiterated a "buy" rating and issued a $122.00 price objective on shares of AngloGold Ashanti in a research report on Friday, February 20th. Zacks Research lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. Weiss Ratings upgraded AngloGold Ashanti from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 13th. Finally, Scotiabank cut their price target on AngloGold Ashanti from $134.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, March 20th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $112.20.

AngloGold Ashanti Trading Down 1.2%

Shares of NYSE:AU opened at $92.57 on Friday. AngloGold Ashanti has a 12-month low of $38.61 and a 12-month high of $129.14. The company has a market capitalization of $46.74 billion, a PE ratio of 17.84 and a beta of 0.60. The business has a 50 day moving average of $103.12 and a two-hundred day moving average of $92.92. The company has a current ratio of 2.87, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, February 20th. The mining company reported $1.90 EPS for the quarter, hitting analysts' consensus estimates of $1.90. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $2.99 billion. AngloGold Ashanti had a net margin of 26.65% and a return on equity of 29.11%. As a group, analysts forecast that AngloGold Ashanti will post 8.79 EPS for the current year.

Institutional Trading of AngloGold Ashanti

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new position in shares of AngloGold Ashanti during the 1st quarter worth about $321,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company's stock worth $47,000 after buying an additional 238 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in AngloGold Ashanti by 106.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,367 shares of the mining company's stock worth $153,000 after buying an additional 1,734 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of AngloGold Ashanti by 88.4% during the second quarter. First Trust Advisors LP now owns 136,543 shares of the mining company's stock valued at $6,200,000 after acquiring an additional 64,066 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of AngloGold Ashanti in the second quarter valued at approximately $1,740,000. Institutional investors and hedge funds own 36.09% of the company's stock.

About AngloGold Ashanti

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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