Swiss National Bank Lowers Stock Holdings in AngloGold Ashanti plc (NYSE:AU)

Swiss National Bank cut its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 952,501 shares of the mining company’s stock after selling 54,068 shares during the quarter. Swiss National Bank owned about 0.23% of AngloGold Ashanti worth $25,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of AngloGold Ashanti by 0.4% during the 3rd quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock worth $610,378,000 after buying an additional 80,563 shares during the last quarter. Vanguard Group Inc. increased its stake in AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock worth $373,154,000 after acquiring an additional 65,025 shares during the last quarter. Barings LLC raised its holdings in shares of AngloGold Ashanti by 395.0% in the 2nd quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock worth $27,818,000 after purchasing an additional 878,717 shares during the period. Oaktree Fund Advisors LLC lifted its stake in shares of AngloGold Ashanti by 10.5% in the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after purchasing an additional 64,993 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of AngloGold Ashanti by 17.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 573,380 shares of the mining company’s stock worth $14,409,000 after purchasing an additional 83,641 shares during the period. 36.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AU. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets increased their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Trading Up 2.7 %

Shares of AU stock opened at $25.20 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $27.41 and its two-hundred day moving average price is $26.99. AngloGold Ashanti plc has a 12 month low of $15.80 and a 12 month high of $32.57.

AngloGold Ashanti Company 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.