Verition Fund Management LLC Invests $630,000 in AngloGold Ashanti plc (NYSE:AU)

Verition Fund Management LLC acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,672 shares of the mining company’s stock, valued at approximately $630,000.

Several other hedge funds also recently bought and sold shares of AU. CWM LLC lifted its position in shares of AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after purchasing an additional 493 shares during the last quarter. Blue Trust Inc. lifted its holdings in AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after buying an additional 2,679 shares in the last quarter. SG Americas Securities LLC purchased a new stake in AngloGold Ashanti in the 3rd quarter valued at about $126,000. Cigna Investments Inc. New bought a new position in AngloGold Ashanti in the 2nd quarter worth about $206,000. Finally, Ritholtz Wealth Management purchased a new position in shares of AngloGold Ashanti during the third quarter worth approximately $222,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 1.0 %

Shares of AU stock opened at $25.77 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $26.69 and its 200 day moving average is $27.08. AngloGold Ashanti plc has a 1-year low of $15.80 and a 1-year high of $32.57.

Analyst Ratings Changes

A number of brokerages recently issued reports on AU. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, December 3rd. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of “Hold” and a consensus target price of $31.75.

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.