AngloGold Ashanti (AU) Sets New 1-Year Low at $7.90

Shares of AngloGold Ashanti Limited (NYSE:AU) hit a new 52-week low during trading on Friday . The company traded as low as $7.90 and last traded at $8.15, with a volume of 45855965 shares. The stock had previously closed at $8.68.

A number of analysts have recently commented on AU shares. Zacks Investment Research downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.75.

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The company has a quick ratio of 0.63, a current ratio of 1.57 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.54 billion, a P/E ratio of 135.83 and a beta of -0.88.

Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP boosted its stake in shares of AngloGold Ashanti by 41.4% in the fourth quarter. Two Sigma Advisers LP now owns 312,700 shares of the mining company’s stock worth $3,186,000 after buying an additional 91,600 shares during the last quarter. CoreCommodity Management LLC purchased a new position in AngloGold Ashanti during the fourth quarter worth approximately $665,000. Two Sigma Investments LP boosted its position in AngloGold Ashanti by 2,351.4% during the fourth quarter. Two Sigma Investments LP now owns 666,023 shares of the mining company’s stock worth $6,787,000 after purchasing an additional 638,854 shares in the last quarter. Alps Advisors Inc. boosted its position in AngloGold Ashanti by 33.6% during the first quarter. Alps Advisors Inc. now owns 535,456 shares of the mining company’s stock worth $5,081,000 after purchasing an additional 134,668 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in AngloGold Ashanti during the fourth quarter worth approximately $14,112,000. Hedge funds and other institutional investors own 32.93% of the company’s stock.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.