Advisors Asset Management Inc. Grows Position in AngloGold Ashanti PLC $AU

Advisors Asset Management Inc. grew its position in AngloGold Ashanti PLC (NYSE:AU) by 654.2% during the third quarter, HoldingsChannel.com reports. The fund owned 11,389 shares of the mining company’s stock after acquiring an additional 9,879 shares during the quarter. Advisors Asset Management Inc.’s holdings in AngloGold Ashanti were worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft purchased a new position in shares of AngloGold Ashanti in the third quarter valued at $703,000. Profund Advisors LLC grew its stake in shares of AngloGold Ashanti by 45.6% in the 3rd quarter. Profund Advisors LLC now owns 52,305 shares of the mining company’s stock worth $3,679,000 after buying an additional 16,389 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of AngloGold Ashanti by 26.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,965 shares of the mining company’s stock worth $1,263,000 after buying an additional 3,749 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new stake in shares of AngloGold Ashanti in the 3rd quarter worth about $241,000. Finally, RFG Advisory LLC purchased a new stake in shares of AngloGold Ashanti during the 3rd quarter valued at about $1,792,000. 36.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AU shares. JPMorgan Chase & Co. lifted their price target on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Scotiabank boosted their target price on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Roth Mkm increased their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Price Performance

AU opened at $106.08 on Wednesday. The business has a fifty day moving average of $96.19 and a 200 day moving average of $78.36. The stock has a market cap of $53.56 billion, a P/E ratio of 23.37 and a beta of 0.59. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. AngloGold Ashanti PLC has a 52-week low of $28.44 and a 52-week high of $115.81.

AngloGold Ashanti Company Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.