AngloGold Ashanti Limited (ADR) Unusual Bearish Options Activity Means Higher Risks

 AngloGold Ashanti Limited (ADR) Unusual Bearish Options Activity Means Higher Risks

In today’s session AngloGold Ashanti Limited (ADR) (AU) recorded an unusually high (478) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious AU decrease. With 478 contracts traded and 7774 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: AU161021P00014000 closed last at: $0.6 or 140% up. About 1.82M shares traded hands. AngloGold Ashanti Limited (ADR) (NYSE:AU) has risen 6.40% since March 3, 2016 and is uptrending. It has underperformed by 1.94% the S&P500.

AngloGold Ashanti Limited (ADR) (NYSE:AU) Ratings Coverage

Out of 3 analysts covering Anglogold Ashanti Limited (NYSE:AU), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Anglogold Ashanti Limited has been the topic of 8 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, January 15 by Goldman Sachs. The firm earned “Sector Perform” rating on Tuesday, March 8 by RBC Capital Markets. The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) earned “Buy” rating by Goldman Sachs on Monday, January 18. Citigroup downgraded the stock to “Sell” rating in Tuesday, May 10 report. Citigroup upgraded the stock to “Neutral” rating in Tuesday, February 23 report. As per Monday, April 11, the company rating was upgraded by RBC Capital Markets.

According to Zacks Investment Research, “AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz. The company has operations in six countries on three continents, some of which are joint ventures, as well as exploration activities in ten countries. AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends. The company distinguishes itself from its producer peer group through its active involvement in the development of the gold market, particularly in Asia.”

AngloGold Ashanti Limited is a gold mining company. The company has a market cap of $5.43 billion. The Company’s business activities span the spectrum of the mining value chain. It currently has negative earnings. The Company’s main product is gold.

AU Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti), incorporated on May 29, 1944, is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. The Company’s main product is gold. The Company’s portfolio includes over 17 mines in approximately nine countries. The Firm also produces silver, uranium and sulfuric acid as by-products. The Firm operates through four divisions: South Africa, Continental Africa, Australasia and Americas.

More recent AngloGold Ashanti Limited (ADR) (NYSE:AU) news were published by: Marketwatch.com which released: “AngloGold Ashanti Ltd. ADR” on December 21, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Businessfinancenews.com‘s news article titled: “AngloGold Ashanti Limited (ADR): Effective Cost Control Results in $70 million …” with publication date: May 09, 2016 was also an interesting one.

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