Ninety One UK Ltd Takes $45.04 Million Position in AngloGold Ashanti plc (NYSE:AU)

Ninety One UK Ltd acquired a new position in AngloGold Ashanti plc (NYSE:AU) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,951,595 shares of the mining company’s stock, valued at approximately $45,043,000.

A number of other hedge funds also recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of AngloGold Ashanti in the 4th quarter worth $36,000. Decker Retirement Planning Inc. purchased a new position in AngloGold Ashanti in the fourth quarter valued at about $69,000. SG Americas Securities LLC bought a new position in AngloGold Ashanti in the third quarter worth about $126,000. JPMorgan Chase & Co. lifted its position in shares of AngloGold Ashanti by 378.2% during the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after buying an additional 3,782 shares during the last quarter. Finally, Blue Trust Inc. grew 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 buying an additional 2,520 shares during the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $30.89 on Wednesday. The business has a 50-day moving average price of $25.66 and a 200-day moving average price of $27.23. AngloGold Ashanti plc has a 52-week low of $16.49 and a 52-week high of $32.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

Analysts Set New Price Targets

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