AngloGold Ashanti PLC $AU Shares Acquired by Aviva PLC

Aviva PLC increased its stake in shares of AngloGold Ashanti PLC (NYSE:AU) by 47.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 537,845 shares of the mining company’s stock after acquiring an additional 174,169 shares during the period. Aviva PLC’s holdings in AngloGold Ashanti were worth $24,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Coronation Fund Managers Ltd. purchased a new stake in AngloGold Ashanti in the 1st quarter worth approximately $63,186,000. Ruffer LLP acquired a new position in shares of AngloGold Ashanti in the 2nd quarter valued at $52,267,000. Nuveen LLC purchased a new stake in AngloGold Ashanti during the first quarter worth $37,451,000. Connor Clark & Lunn Investment Management Ltd. grew its position in AngloGold Ashanti by 788.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 799,365 shares of the mining company’s stock valued at $29,672,000 after buying an additional 709,416 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in AngloGold Ashanti by 93.8% in the second quarter. Bank of New York Mellon Corp now owns 1,305,611 shares of the mining company’s stock valued at $59,497,000 after buying an additional 632,003 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Up 6.9%

NYSE AU opened at $74.21 on Tuesday. The business has a fifty day moving average price of $68.40 and a 200 day moving average price of $55.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.22 and a current ratio of 2.99. The company has a market cap of $31.15 billion, a P/E ratio of 19.74 and a beta of 0.48. AngloGold Ashanti PLC has a one year low of $22.45 and a one year high of $79.94.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AU. Wall Street Zen lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on AngloGold Ashanti from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. HSBC restated a “reduce” rating and issued a $55.00 price objective on shares of AngloGold Ashanti in a research report on Thursday, October 9th. Finally, Roth Capital set a $76.00 target price on AngloGold Ashanti and gave the company a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.17.

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.