AngloGold Ashanti Limited (NYSE:AU – Get Rating) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 7,300,000 shares, an increase of 13.7% from the December 31st total of 6,420,000 shares. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is currently 2.5 days.
AngloGold Ashanti Price Performance
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AU traded up $0.10 during trading hours on Monday, reaching $21.12. 3,398,362 shares of the company"s stock traded hands, compared to its average volume of 2,848,884. AngloGold Ashanti has a 52-week low of $11.94 and a 52-week high of $26.96. The firm has a 50-day moving average price of $20.06 and a 200 day moving average price of $16.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 2.09.
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Institutional Investors Weigh In On AngloGold Ashanti
Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in shares of AngloGold Ashanti during the 2nd quarter worth $32,000. Destiny Wealth Partners LLC purchased a new stake in shares of AngloGold Ashanti during the 4th quarter worth $37,000. Lindbrook Capital LLC lifted its stake in shares of AngloGold Ashanti by 83.0% during the 2nd quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company"s stock worth $42,000 after purchasing an additional 1,298 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in shares of AngloGold Ashanti by 664.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 3,646 shares of the mining company"s stock worth $51,000 after purchasing an additional 3,169 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of AngloGold Ashanti during the 3rd quarter worth $90,000. 24.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Investec raised AngloGold Ashanti from a "sell" rating to a "buy" rating in a research note on Friday, January 13th. StockNews.com assumed coverage on AngloGold Ashanti in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on AngloGold Ashanti from $20.00 to $27.00 in a research note on Tuesday, January 10th. Finally, HSBC downgraded AngloGold Ashanti from a "buy" rating to a "reduce" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.60.
AngloGold Ashanti Company Profile
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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.
Further Reading
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