Van ECK Associates Corp boosted its stake in shares of AngloGold Ashanti Limited (NYSE:AU) by 16.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,608,742 shares of the mining company’s stock after buying an additional 4,139,327 shares during the period. AngloGold Ashanti Limited comprises about 1.4% of Van ECK Associates Corp’s holdings, making the stock its 15th largest position. Van ECK Associates Corp’s holdings in AngloGold Ashanti Limited were worth $308,116,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Credit Agricole S A boosted its position in shares of AngloGold Ashanti Limited by 233.0% in the first quarter. Credit Agricole S A now owns 1,443,841 shares of the mining company’s stock valued at $15,550,000 after buying an additional 1,010,200 shares during the last quarter. Majedie Asset Management Ltd boosted its position in shares of AngloGold Ashanti Limited by 32.1% in the first quarter. Majedie Asset Management Ltd now owns 543,064 shares of the mining company’s stock valued at $5,849,000 after buying an additional 131,817 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of AngloGold Ashanti Limited by 27.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,701 shares of the mining company’s stock valued at $3,066,000 after buying an additional 60,452 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of AngloGold Ashanti Limited by 62.1% in the first quarter. Ameriprise Financial Inc. now owns 1,297,314 shares of the mining company’s stock valued at $13,960,000 after buying an additional 496,998 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of AngloGold Ashanti Limited during the first quarter valued at approximately $3,321,000. Institutional investors own 36.39% of the company’s stock.

Institutional Ownership by Quarter for AngloGold Ashanti Limited (NYSE:AU)

Shares of AngloGold Ashanti Limited (NYSE:AU) traded up 2.28% during midday trading on Monday, hitting $11.64. 2,773,897 shares of the company traded hands. The stock has a 50 day moving average of $11.71 and a 200-day moving average of $11.48. AngloGold Ashanti Limited has a 52 week low of $9.28 and a 52 week high of $22.91. The stock has a market capitalization of $4.76 billion, a PE ratio of 77.60 and a beta of -1.31.

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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research report on Friday. CIBC cut shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, May 15th. Goldman Sachs Group Inc cut shares of AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a research report on Monday, April 24th. Royal Bank of Canada cut shares of AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $11.96 to $12.43 in a research report on Monday, April 24th. They noted that the move was a valuation call. Finally, Bank of America Corp upgraded shares of AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.22.

In other news, insider David Loveys sold 125,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were 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 dated Monday, April 3rd. The stock was sold at an average price of $1.63, for a total transaction 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.

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