AngloGold Ashanti Limited (NYSE: AU), the target of the trade, was the center of attention in a peculiar option trade that took place on Friday. Put options for a total of 4,291 shares of the company’s stock were purchased by investors. This represents a hundred percent increase in trading compared to the typical volume of 2,140 put options.
Various research analysts from various companies have made recent statements regarding the stock. Deutsche Bank Aktiengesellschaft’s price target established for AngloGold Ashanti shares has increased from $16.00 to $20.00, as stated in a research note published on November 23rd. Before this adjustment, the price target was set at $16.00. StockNews.com debuted its coverage of AngloGold Ashanti shares with the publication of a research report on October 12th. The report marked the beginning of the website’s coverage of the company’s shares. They recommended that shareholders “hold” their shares of the company. Finally, AngloGold Ashanti was downgraded from a “buy” recommendation to a “sell” rating in a research report published by Investec on September 30th. The final and most significant adjustment was made here.
The share price on the NYSE AU fell by $0.01 throughout Friday’s trading session, bringing the price to $19.43. The typical trading volume of the company is 2,705,832 shares, but there were only 64,484 trades of the company’s stock. This is a significantly lower amount than the typical trading volume of the company. The stock has maintained a moving average price of $15.29 over the past 200 trading days while maintaining a moving average price of $16.54 over the last 50 trading days. A debt-to-equity ratio comes in at 0.46; a quick ratio comes in at 2.09; a current ratio comes in at 3.02, and a quick ratio comes in at 2.09. The price of one share of AngloGold Ashanti has the potential to range anywhere from $11.94 to $26.96 over a single year.
Several institutional investors and hedge funds recently altered how they held their positions in the stock. These adjustments were made in response to recent market events. Crossmark Global Holdings Inc. increased the proportion of AngloGold Ashanti that it owned by 32.0% over the first three months of 2018. Crossmark Global Holdings Inc. now has 20,842 shares of the mining company’s stock, which are currently valued at $490,00 thanks to an additional purchase of 5,052 shares during the period in question. The Bank of New York Mellon Corporation spent close to $282,000 purchasing a new stake in AngloGold Ashanti during the first three months of 2014. This purchase brought the total amount spent on the investment to nearly $282,000. In addition, during the first three months of this year, American Century Companies Inc. increased the percentage of AngloGold Ashanti stock owned by 20.2%. Following the acquisition of a further 171,152 shares during the most recent quarter, American Century Companies Inc. now possesses 1,020,354 shares of the stock held by the mining company. These shares are collectively valued at a sum equal to $24,172,000. Over the first three months of this year, Ruffer LLP increased its holdings in AngloGold Ashanti by 7.8 percentage points. Following the acquisition of an additional 352,369 shares during the period in question, Ruffer LLP now possesses a total of 4,882,311 stock held by the mining company. The stock’s current market value is equal to $115,686,000. Last but certainly not least, Freestone Capital Holdings LLC grew its holdings in AngloGold Ashanti by 21.2% during the year’s first three months. Freestone Capital Holdings LLC now has a total of 170,746 shares of the mining company’s stock after purchasing an additional 29,843 shares during the most recent quarter. The stock is currently valued at $4,045,000. Institutional investors and hedge funds collectively hold a stake in the company equal to 24.90% of the total number of shares outstanding.
AngloGold Ashanti Limited is the name of a multinational corporation that is engaged in the business of gold mining and has operations in Africa, the Americas, and Australia. The Geita project is an expansion in the Lake Victoria goldfields located in the Mwanza region of northwest Tanzania. It is the company’s most valuable asset and the Geita project’s focus. Accordingly, the company owns every share of it. Additionally, the company conducts research and exploration for silver and sulfuric acid. AngloGold Ashanti Limited was established in 1944, and its current headquarters can be found in the city of Johannesburg, which is situated in the country of South Africa.
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