AngloGold Ashanti Limited (NYSE:AU – Get Rating)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.44 and traded as high as $20.46. AngloGold Ashanti shares last traded at $20.16, with a volume of 2,826,012 shares traded.
Analyst Ratings Changes
A number of equities analysts recently commented on AU shares. Investec downgraded AngloGold Ashanti from a "buy" rating to a "sell" rating in a research report on Friday, September 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on AngloGold Ashanti from $16.00 to $20.00 in a research report on Wednesday, November 23rd. Finally, StockNews.com assumed coverage on AngloGold Ashanti in a research report on Wednesday, October 12th. They set a "hold" rating on the stock.
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The firm has a 50 day simple moving average of $17.60 and a 200-day simple moving average of $15.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.09 and a current ratio of 3.02.
Institutional Investors Weigh In On AngloGold Ashanti
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prelude Capital Management LLC increased its stake in AngloGold Ashanti by 3.7% during the third quarter. Prelude Capital Management LLC now owns 16,907 shares of the mining company's stock worth $234,000 after acquiring an additional 598 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of AngloGold Ashanti by 83.0% in the second quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company's stock valued at $42,000 after buying an additional 1,298 shares in the last quarter. Oxbow Advisors LLC grew its stake in shares of AngloGold Ashanti by 13.5% in the third quarter. Oxbow Advisors LLC now owns 14,335 shares of the mining company's stock valued at $198,000 after buying an additional 1,710 shares in the last quarter. Quantamental Technologies LLC grew its stake in shares of AngloGold Ashanti by 13.5% in the third quarter. Quantamental Technologies LLC now owns 15,873 shares of the mining company's stock valued at $219,000 after buying an additional 1,886 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in shares of AngloGold Ashanti by 6.0% in the third quarter. Profund Advisors LLC now owns 37,160 shares of the mining company's stock valued at $514,000 after buying an additional 2,106 shares in the last quarter. Institutional investors and hedge funds own 24.90% of the company's stock.About AngloGold Ashanti
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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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