AngloGold Ashanti Limited (AU) Given Favorable News Coverage, Study Finds

AngloGold Ashanti Limited (AU) Given Favorable News Coverage, Study Finds

News headlines about AngloGold Ashanti Limited (NYSE:AU) have been trending positive this week, Alpha One Sentiment reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AngloGold Ashanti Limited earned a news impact score of 0.29 on Alpha One’s scale. Alpha One also gave news headlines about the mining company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected AlphaOne’s rankings:

A number of equities research analysts have commented on AU shares. Zacks Investment Research cut shares of AngloGold Ashanti Limited from a “buy” rating to a “strong sell” rating in a research note on Wednesday, February 8th. Citigroup Inc cut shares of AngloGold Ashanti Limited from a “neutral” rating to a “sell” rating in a research note on Wednesday, February 22nd. JPMorgan Chase & Co. cut shares of AngloGold Ashanti Limited from an “overweight” rating to a “neutral” rating in a research note on Friday, March 3rd. Bank of America Corp upgraded shares of AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 5th. Finally, Royal Bank of Canada cut shares of AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $11.96 to $12.43 in a research note on Monday, April 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. AngloGold Ashanti Limited has a consensus rating of “Hold” and an average target price of $13.22.

AngloGold Ashanti Limited (NYSE:AU) traded down 1.761% during midday trading on Tuesday, hitting $11.435. 536,127 shares of the stock traded hands. The company’s 50 day moving average price is $11.71 and its 200 day moving average price is $11.49. AngloGold Ashanti Limited has a 12 month low of $9.28 and a 12 month high of $22.91. The firm has a market cap of $4.67 billion, a PE ratio of 76.233 and a beta of -1.31.

In related news, insider David Loveys sold 125,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $1.63, for a total value of $203,750.00. Also, Director Matti Talikka sold 100,000 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $1.63, for a total value of $163,000.00.

About AngloGold Ashanti Limited

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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