Public Sector Pension Investment Board Grows Stock Holdings in AngloGold Ashanti PLC $AU

Public Sector Pension Investment Board grew its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 70.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,227 shares of the mining company’s stock after acquiring an additional 101,986 shares during the period. Public Sector Pension Investment Board’s holdings in AngloGold Ashanti were worth $17,319,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AU. Amalgamated Bank purchased a new position in shares of AngloGold Ashanti in the 2nd quarter valued at approximately $1,270,000. Franklin Resources Inc. raised its holdings in AngloGold Ashanti by 14.2% in the second quarter. Franklin Resources Inc. now owns 1,675,740 shares of the mining company’s stock worth $76,376,000 after purchasing an additional 207,923 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in AngloGold Ashanti during the third quarter valued at $1,408,000. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of AngloGold Ashanti during the 3rd quarter valued at $887,000. Finally, Commonwealth Equity Services LLC grew its position in shares of AngloGold Ashanti by 7.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 259,363 shares of the mining company’s stock worth $18,241,000 after buying an additional 18,457 shares during the period. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AU. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Roth Mkm raised their target price on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “buy (b-)” rating on shares of AngloGold Ashanti in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

AngloGold Ashanti Trading Up 4.9%

Shares of NYSE AU opened at $109.89 on Friday. The firm’s 50 day moving average price is $95.06 and its 200-day moving average price is $77.30. AngloGold Ashanti PLC has a 52-week low of $28.44 and a 52-week high of $115.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The company has a market cap of $55.48 billion, a PE ratio of 24.21 and a beta of 0.59.

About AngloGold Ashanti

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.