AngloGold Ashanti plc (NYSE:AU) Shares Sold by Creative Planning

Creative Planning reduced its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 19.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 14,479 shares of the mining company’s stock after selling 3,482 shares during the quarter. Creative Planning’s holdings in AngloGold Ashanti were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AU. ORG Partners LLC acquired a new position in AngloGold Ashanti in the third quarter valued at $629,000. Ritholtz Wealth Management acquired a new position in AngloGold Ashanti in the third quarter valued at $222,000. Atomi Financial Group Inc. increased its stake in AngloGold Ashanti by 87.0% in the third quarter. Atomi Financial Group Inc. now owns 16,907 shares of the mining company’s stock valued at $450,000 after purchasing an additional 7,864 shares during the period. Handelsbanken Fonder AB increased its stake in AngloGold Ashanti by 30.6% in the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock valued at $3,182,000 after purchasing an additional 28,000 shares during the period. Finally, SG Americas Securities LLC acquired a new position in AngloGold Ashanti in the third quarter valued at $126,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $27.58 on Friday. The firm has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $26.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19. AngloGold Ashanti plc has a 1-year low of $15.60 and a 1-year high of $32.57.

AngloGold Ashanti (NYSE:AU) last posted its quarterly earnings data on Tuesday, August 6th. The mining company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities research analysts anticipate that AngloGold Ashanti plc will post 2.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AU. Scotiabank reaffirmed a “sector underperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. StockNews.com raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. BMO Capital Markets upped their price target on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus target price of $33.67.

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.