Geode Capital Management LLC Boosts Holdings in AngloGold Ashanti plc (NYSE:AU)

Geode Capital Management LLC lifted its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 2.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,108 shares of the mining company’s stock after buying an additional 8,676 shares during the quarter. Geode Capital Management LLC’s holdings in AngloGold Ashanti were worth $8,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AU. SG Americas Securities LLC purchased a new position in AngloGold Ashanti during the third quarter valued at $126,000. Blue Trust Inc. raised its position in shares of AngloGold Ashanti by 72.6% in the 3rd quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock worth $151,000 after purchasing an additional 2,520 shares during the last quarter. Ritholtz Wealth Management bought a new position in AngloGold Ashanti in the 3rd quarter worth about $222,000. Ballentine Partners LLC grew its position in AngloGold Ashanti by 5.9% during the 2nd quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company’s stock valued at $309,000 after purchasing an additional 682 shares during the last quarter. Finally, Chesapeake Capital Corp IL grew its position in AngloGold Ashanti by 3.1% during the 2nd quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock valued at $354,000 after purchasing an additional 429 shares during the last quarter. 36.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, December 3rd. Finally, StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.75.

AngloGold Ashanti Stock Up 5.5 %

NYSE:AU opened at $24.34 on Friday. 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 has a market cap of $10.22 billion, a PE ratio of 7.61 and a beta of 0.94. The company has a 50-day moving average of $25.31 and a 200 day moving average of $27.09. AngloGold Ashanti plc has a 1-year low of $15.80 and a 1-year high of $32.57.

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.