MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 50,071 Shares of AngloGold Ashanti plc (NYSE:AU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AngloGold Ashanti plc (NYSE:AU - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 613,889 shares of the mining company's stock after buying an additional 50,071 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.15% of AngloGold Ashanti worth $14,169,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of AngloGold Ashanti by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock worth $586,504,000 after acquiring an additional 2,491,130 shares during the period. Vanguard Group Inc. grew its stake in shares of AngloGold Ashanti by 22.9% in the fourth quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock worth $467,795,000 after acquiring an additional 3,882,283 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of AngloGold Ashanti by 274.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock worth $118,448,000 after acquiring an additional 3,764,165 shares during the period. Carrhae Capital LLP grew its position in AngloGold Ashanti by 170.0% during the fourth quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after buying an additional 2,177,783 shares during the period. Finally, Marshall Wace LLP grew its position in AngloGold Ashanti by 3,767.1% during the fourth quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after buying an additional 2,680,261 shares during the period. 36.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AU shares. HSBC restated a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. StockNews.com upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their target price on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Royal Bank of Canada boosted their target price on shares of AngloGold Ashanti from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank boosted their target price on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.30.

AngloGold Ashanti Price Performance

Shares of AU traded up $0.10 during mid-day trading on Wednesday, reaching $43.47. The stock had a trading volume of 833,703 shares, compared to its average volume of 2,576,510. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 14.31 and a beta of 0.48. AngloGold Ashanti plc has a 12 month low of $22.13 and a 12 month high of $46.90. The business has a fifty day moving average of $39.16 and a 200 day moving average of $31.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

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

About AngloGold Ashanti

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.