Fmr LLC Purchases 2,957,304 Shares of AngloGold Ashanti plc (NYSE:AU)

Fmr LLC grew its position in AngloGold Ashanti plc (NYSE:AU) by 39.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,448,445 shares of the mining company’s stock after acquiring an additional 2,957,304 shares during the period. Fmr LLC owned 2.49% of AngloGold Ashanti worth $277,968,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its holdings in shares of AngloGold Ashanti by 7.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 53,477 shares of the mining company’s stock valued at $1,172,000 after buying an additional 3,477 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of AngloGold Ashanti by 17.3% in the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after acquiring an additional 433 shares during the last quarter. 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 in the last quarter. Cigna Investments Inc. New bought a new stake in shares of AngloGold Ashanti during the second quarter valued at approximately $206,000. Finally, Blue Trust Inc. increased its holdings in shares of AngloGold Ashanti by 338.3% in the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AU has been the topic of a number of recent research reports. StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price 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. Finally, Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target for the company in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.67.

AngloGold Ashanti Trading Up 0.6 %

NYSE:AU opened at $24.94 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. AngloGold Ashanti plc has a 1-year low of $15.80 and a 1-year high of $32.57. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 7.79 and a beta of 0.96. The business’s 50-day moving average price is $27.03 and its two-hundred day moving average price is $27.06.

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.