AngloGold Ashanti plc (NYSE:AU) Shares Purchased by US Bancorp DE

US Bancorp DE grew its holdings in AngloGold Ashanti plc (NYSE:AU) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,103 shares of the mining company’s stock after buying an additional 466 shares during the quarter. US Bancorp DE’s holdings in AngloGold Ashanti were worth $1,254,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Chesapeake Capital Corp IL grew its stake in shares of AngloGold Ashanti by 3.1% in the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after acquiring an additional 429 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after purchasing an additional 433 shares during the last quarter. CWM LLC lifted its position in shares of AngloGold Ashanti by 26.1% during the 2nd 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. Sei Investments Co. lifted its position in shares of AngloGold Ashanti by 1.0% during the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after purchasing an additional 656 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of AngloGold Ashanti by 5.9% during the 2nd quarter. Ballentine Partners LLC now owns 12,279 shares of the mining company’s stock worth $309,000 after purchasing an additional 682 shares during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $27.58 on Friday. The company has a 50-day simple moving average of $28.09 and a 200-day simple moving average of $26.85. AngloGold Ashanti plc has a one year low of $15.60 and a one year high of $32.57. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Tuesday, August 6th. The mining company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.17 earnings per share. As a group, equities research analysts forecast that AngloGold Ashanti plc will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AU. BMO Capital Markets lifted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Scotiabank reissued a “sector underperform” rating and issued a $30.00 price target (up from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Finally, Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.67.

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.