Bridgewater Associates LP Has $4.95 Million Stock Position in AngloGold Ashanti plc (NYSE:AU)

Bridgewater Associates LP increased its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 80.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 185,968 shares of the mining company’s stock after acquiring an additional 82,788 shares during the period. Bridgewater Associates LP’s holdings in AngloGold Ashanti were worth $4,952,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new stake in AngloGold Ashanti in the second quarter valued at approximately $2,002,000. Oaktree Fund Advisors LLC grew its stake in AngloGold Ashanti by 10.5% in the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after acquiring an additional 64,993 shares during the period. Van ECK Associates Corp grew its stake in AngloGold Ashanti by 0.4% in the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock valued at $610,378,000 after acquiring an additional 80,563 shares during the period. Atomi Financial Group Inc. acquired a new stake in AngloGold Ashanti in the second quarter valued at approximately $227,000. Finally, Handelsbanken Fonder AB grew its stake in AngloGold Ashanti by 30.6% in the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock valued at $3,182,000 after acquiring an additional 28,000 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. BMO Capital Markets raised their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock opened at $24.98 on Friday. The business’s fifty day simple moving average is $27.03 and its 200 day simple moving average is $27.03. AngloGold Ashanti plc has a 12 month low of $15.80 and a 12 month high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

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.