Short Interest in AngloGold Ashanti plc (NYSE:AU) Rises By 10.8%

AngloGold Ashanti plc (NYSE:AU) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 13,220,000 shares, a growth of 10.8% from the October 31st total of 11,930,000 shares. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 5.2 days.

AngloGold Ashanti Trading Down 1.2 %

Shares of AngloGold Ashanti stock traded down $0.31 on Monday, reaching $24.63. 3,073,018 shares of the stock were exchanged, compared to its average volume of 2,175,386. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. AngloGold Ashanti has a twelve month low of $15.80 and a twelve month high of $32.57. The business has a 50 day moving average price of $27.03 and a two-hundred day moving average price of $27.06.

Institutional Investors Weigh In On AngloGold Ashanti

A number of institutional investors and hedge funds have recently modified their holdings of AU. Tidal Investments LLC raised its position in AngloGold Ashanti by 80.5% during the third quarter. Tidal Investments LLC now owns 25,452 shares of the mining company’s stock valued at $678,000 after acquiring an additional 11,352 shares in the last quarter. TT International Asset Management LTD raised its position in AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after acquiring an additional 962,141 shares in the last quarter. Geode Capital Management LLC raised its position in AngloGold Ashanti by 2.7% during the third quarter. Geode Capital Management LLC now owns 327,108 shares of the mining company’s stock valued at $8,711,000 after acquiring an additional 8,676 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in AngloGold Ashanti during the third quarter valued at approximately $1,606,000. Finally, State Street Corp raised its position in AngloGold Ashanti by 546.2% during the third quarter. State Street Corp now owns 211,826 shares of the mining company’s stock valued at $5,641,000 after acquiring an additional 179,045 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

AU has been the subject of several recent analyst reports. BMO Capital Markets raised their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target for the company in a report on Thursday, November 21st. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.