AngloGold Ashanti PLC $AU Stock: Vise Technologies Inc. Grows Stake

Vise Technologies Inc. grew its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 171.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,242 shares of the mining company’s stock after acquiring an additional 19,742 shares during the period. Vise Technologies Inc.’s holdings in AngloGold Ashanti were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in AU. Yousif Capital Management LLC boosted its holdings in AngloGold Ashanti by 2.1% in the 3rd quarter. Yousif Capital Management LLC now owns 7,502 shares of the mining company’s stock worth $705,000 after buying an additional 156 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of AngloGold Ashanti by 7.8% in the 3rd quarter. Moody National Bank Trust Division now owns 2,777 shares of the mining company’s stock worth $261,000 after purchasing an additional 202 shares during the period. Quadrant Capital Group LLC increased its position in AngloGold Ashanti by 2.9% during the third quarter. Quadrant Capital Group LLC now owns 7,975 shares of the mining company’s stock valued at $731,000 after acquiring an additional 224 shares during the last quarter. Monument Capital Management boosted its position in shares of AngloGold Ashanti by 6.5% during the third quarter. Monument Capital Management now owns 4,037 shares of the mining company’s stock valued at $379,000 after buying an additional 245 shares during the period. Finally, Diversify Advisory Services LLC grew its position in AngloGold Ashanti by 6.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 4,290 shares of the mining company’s stock valued at $393,000 after acquiring an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $139.00 to $138.00 and set an “overweight” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group initiated coverage on AngloGold Ashanti in a research report on Thursday, October 15th. They issued a “buy” rating and a $104.00 target price on the stock. Freedom Broker increased their price target on shares of AngloGold Ashanti from $107.00 to $111.50 and gave the stock a “buy” rating in a report on Thursday, October 22nd. RBC Dominion Securities set a $110.00 target price on shares of AngloGold Ashanti and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Finally, Royal Bank Of Canada lifted their price target on AngloGold Ashanti from $111.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $118.35.

AngloGold Ashanti Price Performance

NYSE:AU opened at $87.95 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.71. The stock has a 50 day moving average price of $96.80 and a 200 day moving average price of $96.64. AngloGold Ashanti PLC has a one year low of $65.48 and a one year high of $129.14. The stock has a market cap of $44.40 billion, a PE ratio of 10.55 and a beta of 0.72.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.