Man Group plc increased its stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 117.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,549,978 shares of the mining company's stock after acquiring an additional 835,547 shares during the quarter. Man Group plc owned approximately 0.37% of AngloGold Ashanti worth $35,773,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in AU. JPMorgan Chase & Co. boosted its position in AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after purchasing an additional 3,782 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of AngloGold Ashanti during the 4th quarter worth $248,000. Decker Retirement Planning Inc. purchased a new position in shares of AngloGold Ashanti in the 4th quarter worth about $69,000. Polianta Ltd bought a new position in AngloGold Ashanti during the fourth quarter valued at about $1,103,000. Finally, SG Americas Securities LLC grew its position in AngloGold Ashanti by 177.9% during the fourth quarter. SG Americas Securities LLC now owns 13,124 shares of the mining company's stock valued at $303,000 after buying an additional 8,401 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.
AngloGold Ashanti Price Performance
Shares of NYSE AU traded up $0.19 during trading hours on Wednesday, reaching $43.56. 999,701 shares of the stock traded hands, compared to its average volume of 2,577,150. The company's 50-day simple moving average is $39.16 and its two-hundred day simple moving average is $31.48. The company has a market capitalization of $18.28 billion, a P/E ratio of 14.31 and a beta of 0.48. AngloGold Ashanti plc has a 52-week low of $22.13 and a 52-week high of $46.90. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The mining company reported $0.88 EPS for the quarter. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.84 billion. Equities research analysts forecast that AngloGold Ashanti plc will post 3.83 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Scotiabank increased their target price on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank of Canada increased their price objective on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. StockNews.com upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. HSBC reissued a "reduce" rating and issued a $35.00 price target on shares of AngloGold Ashanti in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $33.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.30.
Check Out Our Latest Analysis on AU
About AngloGold Ashanti
(
Free Report)
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.
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