Renaissance Technologies LLC cut its stake in shares of AngloGold Ashanti Limited (NYSE:AU) by 75.9% during the first quarter, Holdings Channel reports. The fund owned 896,400 shares of the mining company’s stock after selling 2,822,200 shares during the period. Renaissance Technologies LLC’s holdings in AngloGold Ashanti Limited were worth $9,654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in 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. LGT Capital Partners LTD. increased its stake in AngloGold Ashanti Limited by 50.0% in the first quarter. LGT Capital Partners LTD. now owns 840,000 shares of the mining company’s stock valued at $9,047,000 after buying an additional 280,000 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in AngloGold Ashanti Limited by 10.9% in the first quarter. UBS Asset Management Americas Inc. now owns 620,875 shares of the mining company’s stock valued at $6,687,000 after buying an additional 60,888 shares during the last quarter. Van ECK Associates Corp increased its stake in AngloGold Ashanti Limited by 16.9% in the first quarter. Van ECK Associates Corp now owns 28,608,742 shares of the mining company’s stock valued at $308,116,000 after buying an additional 4,139,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in AngloGold Ashanti Limited by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 11,742,674 shares of the mining company’s stock valued at $126,446,000 after buying an additional 316,677 shares during the last quarter. Hedge funds and other institutional investors own 35.86% of the company’s stock.

Shares of AngloGold Ashanti Limited (NYSE:AU) opened at 9.68 on Friday. The stock’s 50 day moving average price is $10.46 and its 200-day moving average price is $11.37. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 64.53 and a beta of -1.38. AngloGold Ashanti Limited has a 52 week low of $9.28 and a 52 week high of $22.91.

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AU has been the topic of several analyst reports. Royal Bank Of Canada lowered AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $11.96 to $12.43 in a research note on Monday, April 24th. They noted that the move was a valuation call. Zacks Investment Research lowered AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Bank of America Corporation upgraded AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 5th. CIBC lowered AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, May 8th. Finally, ValuEngine lowered AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. AngloGold Ashanti Limited currently has a consensus rating of “Hold” and an average target price of $13.22.

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

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