Assenagon Asset Management S.A. Purchases New Position in AngloGold Ashanti plc (NYSE:AU)

Assenagon Asset Management S.A. acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 11,118 shares of the mining company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sei Investments Co. grew its holdings in AngloGold Ashanti by 1.0% during the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 656 shares in the last quarter. Squarepoint Ops LLC purchased a new position in AngloGold Ashanti in the 2nd quarter valued at about $520,000. Creative Planning grew its stake in shares of AngloGold Ashanti by 18.2% during the second quarter. Creative Planning now owns 17,961 shares of the mining company’s stock valued at $451,000 after acquiring an additional 2,768 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of AngloGold Ashanti during the third quarter worth about $126,000. Finally, Handelsbanken Fonder AB increased its position in shares of AngloGold Ashanti by 30.6% during the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock worth $3,182,000 after acquiring an additional 28,000 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 0.7 %

Shares of AU opened at $28.19 on Friday. The business’s fifty day moving average price is $25.16 and its 200 day moving average price is $27.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti plc has a 12-month low of $16.49 and a 12-month high of $32.57.

Analyst Ratings Changes

AU has been the subject of a number of recent analyst reports. StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, December 3rd. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Scotiabank upgraded shares of 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 note on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price 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. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.75.

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.