Portolan Capital Management LLC Has $947,000 Stock Position in AngloGold Ashanti plc (NYSE:AU)

Portolan Capital Management LLC decreased its position in AngloGold Ashanti plc (NYSE:AU) by 89.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,554 shares of the mining company’s stock after selling 295,732 shares during the period. Portolan Capital Management LLC’s holdings in AngloGold Ashanti were worth $947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in AngloGold Ashanti by 26.1% in the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC lifted its position in AngloGold Ashanti by 17.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after acquiring an additional 433 shares in the last quarter. Blue Trust Inc. lifted its position in AngloGold Ashanti by 338.3% in the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after acquiring an additional 2,679 shares in the last quarter. SG Americas Securities LLC bought a new stake in AngloGold Ashanti in the 3rd quarter valued at $126,000. Finally, Cigna Investments Inc. New bought a new stake in AngloGold Ashanti in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 0.7 %

Shares of AU stock opened at $25.86 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $26.83 and its 200-day moving average is $27.06. AngloGold Ashanti plc has a 52-week low of $15.80 and a 52-week high of $32.57.

Analyst Upgrades and Downgrades

AU has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. 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 on the stock in a research report on Tuesday. Finally, Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target on the stock in a research report on Thursday, November 21st. One investment 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.com, the company has an average rating of “Hold” and a consensus price target of $33.00.

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.