AngloGold Ashanti (NYSE:AU) Stock Rating Lowered by Wall Street Zen

AngloGold Ashanti (NYSE:AU - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.Get AngloGold Ashanti alerts:Why New Tariffs Could Boost These 3 Basic Materials StocksA number of other equities analysts have also commented on the company. HSBC reissued a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Scotiabank increased their target price on AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada increased their price target on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.30.Read Our Latest Stock Analysis on AngloGold AshantiAngloGold Ashanti Stock Down 0.5%Gold Stocks Shine as Prices Hit Record Highs—Top 3 PicksShares of AngloGold Ashanti stock opened at $43.82 on Friday. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 14.41 and a beta of 0.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti has a 52-week low of $22.13 and a 52-week high of $46.90. The stock has a 50-day simple moving average of $40.60 and a 200-day simple moving average of $32.45. AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, equities research analysts expect that AngloGold Ashanti will post 3.83 earnings per share for the current fiscal year. Institutional Inflows and Outflows3 Stocks Increasing Dividend Payouts Ahead of Interest Rate CutsA number of hedge funds have recently modified their holdings of the stock. Global Trust Asset Management LLC bought a new position in AngloGold Ashanti in the first quarter valued at about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $30,000. SVB Wealth LLC acquired a new position in AngloGold Ashanti in the first quarter valued at approximately $32,000. Whittier Trust Co. acquired a new position in shares of AngloGold Ashanti during the fourth quarter worth approximately $25,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock worth $27,000 after purchasing an additional 796 shares during the period. Institutional investors own 36.09% of the company's stock. About AngloGold Ashanti (Get Free Report)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.Read MoreFive stocks we like better than AngloGold Ashanti3 Ways To Invest In Coffee, Other Than Drinking ItNear 52-Week Lows, These 3 Mid-Cap Stocks Are Worth a LookUsing the MarketBeat Stock Split Calculator3 Overlooked Dividend Plays for Income in Volatile TimesThe Basics of Support and ResistanceAXON: Competition Intensifies as Motorola Makes $4.4B AcquisitionThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AngloGold Ashanti Right Now?Before you consider AngloGold Ashanti, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AngloGold Ashanti wasn't on the list.While AngloGold Ashanti currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here