Royal Bank of Canada upgraded shares of AngloGold Ashanti (NYSE:AU) from a sector perform rating to an outperform rating in a research report released on Wednesday, June 26th, 24/7 WallStreet reports. The firm currently has $17.05 target price on the mining company’s stock.
A number of other brokerages also recently issued reports on AU. ValuEngine raised Xylem from a hold rating to a buy rating in a report on Friday, June 21st. Zacks Investment Research downgraded Ionis Pharmaceuticals from a buy rating to a hold rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $18.01.
Shares of AU stock traded up $1.12 during mid-day trading on Wednesday, reaching $19.62. The stock had a trading volume of 6,601,571 shares, compared to its average volume of 3,537,285. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of -0.77. AngloGold Ashanti has a 1-year low of $7.07 and a 1-year high of $19.63. The business has a fifty day moving average of $16.42. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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