Point72 Hong Kong Ltd Sells 48,094 Shares of AngloGold Ashanti plc (NYSE:AU)

Point72 Hong Kong Ltd trimmed its holdings in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 73.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,179 shares of the mining company's stock after selling 48,094 shares during the period. Point72 Hong Kong Ltd's holdings in AngloGold Ashanti were worth $396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. purchased a new stake in AngloGold Ashanti during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its stake in AngloGold Ashanti by 210.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after buying an additional 796 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in AngloGold Ashanti in the 4th quarter valued at approximately $32,000. R Squared Ltd acquired a new position in AngloGold Ashanti in the 4th quarter valued at approximately $36,000. Finally, Decker Retirement Planning Inc. acquired a new position in AngloGold Ashanti in the 4th quarter valued at approximately $69,000. Institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Stock Performance

Shares of AU stock traded down $0.04 on Thursday, hitting $43.19. The company's stock had a trading volume of 759,727 shares, compared to its average volume of 2,578,916. AngloGold Ashanti plc has a fifty-two week low of $22.13 and a fifty-two week high of $46.90. The stock's 50 day moving average is $39.38 and its 200-day moving average is $31.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market capitalization of $18.13 billion, a PE ratio of 14.23 and a beta of 0.48.

AngloGold Ashanti (NYSE:AU - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.84 billion. Equities research analysts expect that AngloGold Ashanti plc will post 3.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank lifted their price target on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wall Street Zen raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. HSBC restated a "reduce" rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.30.

AngloGold Ashanti Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.