Favorable News Coverage Somewhat Unlikely to Impact AngloGold Ashanti Limited (AU) Share Price

Media headlines about AngloGold Ashanti Limited (NYSE:AU) have been trending positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AngloGold Ashanti Limited earned a coverage optimism score of 0.35 on Alpha One’s scale. Alpha One also gave news headlines about the mining company an impact score of 43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

Insider Buying and Selling by Quarter for AngloGold Ashanti Limited (NYSE:AU)

Shares of AngloGold Ashanti Limited (NYSE:AU) traded down 3.10% during mid-day trading on Friday, hitting $10.30. The company’s stock had a trading volume of 4,940,361 shares. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 68.67 and a beta of -1.40. The stock’s 50 day moving average price is $11.37 and its 200 day moving average price is $11.46. AngloGold Ashanti Limited has a 52-week low of $9.28 and a 52-week high of $22.91.

AU has been the topic of a number of recent analyst reports. Citigroup Inc. lowered AngloGold Ashanti Limited from a “neutral” rating to a “sell” rating in a report on Wednesday, February 22nd. J P Morgan Chase & Co lowered AngloGold Ashanti Limited from an “overweight” rating to a “neutral” rating in a report on Friday, March 3rd. Zacks Investment Research upgraded AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a report on Monday, March 27th. Bank of America Corporation upgraded AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a report on Wednesday, April 5th. Finally, Royal Bank Of Canada lowered AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $11.96 to $12.43 in a report on Monday, April 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.22.

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In other news, Director Matti Talikka sold 100,000 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 transaction of $163,000.00. Also, insider David Loveys sold 125,000 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 $203,750.00.

AngloGold Ashanti Limited Company Profile

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.

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