AngloGold Ashanti plc (NYSE:AU) Shares Purchased by State Street Corp

State Street Corp raised its position in AngloGold Ashanti plc (NYSE:AU) by 546.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 211,826 shares of the mining company’s stock after purchasing an additional 179,045 shares during the period. State Street Corp’s holdings in AngloGold Ashanti were worth $5,641,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AU. SG Americas Securities LLC bought a new position in shares of AngloGold Ashanti during the third quarter worth about $126,000. Blue Trust Inc. raised its stake in AngloGold Ashanti by 72.6% during the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after buying an additional 2,520 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of AngloGold Ashanti in the 3rd quarter worth approximately $222,000. International Assets Investment Management LLC acquired a new position in shares of AngloGold Ashanti in the 3rd quarter worth approximately $3,010,000. Finally, Ballentine Partners LLC increased its holdings in shares of AngloGold Ashanti by 5.9% in the 2nd quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company’s stock valued at $309,000 after acquiring an additional 682 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

Shares of AU opened at $23.27 on Friday. The stock has a market capitalization of $9.77 billion, a P/E ratio of 7.27 and a beta of 0.95. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The firm’s 50 day moving average is $25.88 and its 200-day moving average is $27.10.

Analyst Upgrades and Downgrades

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

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.