AngloGold Ashanti (NYSE:AU) Sees Strong Trading Volume

AngloGold Ashanti Limited (NYSE:AU – Get Rating) saw unusually-high trading volume on Friday . Approximately 149,223 shares were traded during trading, a decline of 95% from the previous session’s volume of 2,736,410 shares.The stock last traded at $22.91 and had previously closed at $22.64.

Analyst Upgrades and Downgrades

AU has been the topic of several research reports. StockNews.com initiated coverage on shares of AngloGold Ashanti in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AngloGold Ashanti from $20.00 to $27.00 in a research report on Tuesday, January 10th. Finally, Investec raised shares of AngloGold Ashanti from a “sell” rating to a “buy” rating in a research report on Friday.

AngloGold Ashanti Trading Up 2.4 %

The company’s 50-day simple moving average is $18.96 and its 200-day simple moving average is $15.78. 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 Trading of AngloGold Ashanti

Hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of AngloGold Ashanti by 6.9% in the second quarter. Van ECK Associates Corp now owns 24,170,534 shares of the mining company’s stock valued at $357,482,000 after purchasing an additional 1,551,361 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of AngloGold Ashanti by 5.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,002,317 shares of the mining company’s stock valued at $162,724,000 after purchasing an additional 594,702 shares during the period. Coronation Fund Managers Ltd. lifted its stake in shares of AngloGold Ashanti by 2.1% in the second quarter. Coronation Fund Managers Ltd. now owns 6,987,276 shares of the mining company’s stock valued at $103,342,000 after purchasing an additional 144,387 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of AngloGold Ashanti by 14.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,520,932 shares of the mining company’s stock valued at $62,483,000 after purchasing an additional 582,428 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of AngloGold Ashanti by 6.2% in the third quarter. Mackenzie Financial Corp now owns 2,623,918 shares of the mining company’s stock valued at $36,263,000 after purchasing an additional 154,321 shares during the period. Hedge funds and other institutional investors 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.