AngloGold Ashanti plc (NYSE:AU) Stock Position Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 1,504.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 391,715 shares of the mining company’s stock after purchasing an additional 367,306 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.09% of AngloGold Ashanti worth $10,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AU. Chesapeake Capital Corp IL lifted its stake in AngloGold Ashanti by 3.1% in the second quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock valued at $354,000 after acquiring an additional 429 shares during the last quarter. GAMMA Investing LLC lifted its stake in AngloGold Ashanti by 17.3% in the second 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 during the last quarter. US Bancorp DE lifted its stake in AngloGold Ashanti by 1.0% in the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock valued at $1,254,000 after acquiring an additional 466 shares during the last quarter. CWM LLC lifted its stake in AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after acquiring an additional 493 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in AngloGold Ashanti by 1.0% in the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock valued at $1,630,000 after acquiring an additional 656 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AU. JPMorgan Chase & Co. lifted their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets boosted their price objective on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective for the company in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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 $24.94 on Monday. The firm has a fifty day simple moving average of $27.03 and a 200-day simple moving average of $27.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. AngloGold Ashanti plc has a 1-year low of $15.80 and a 1-year high of $32.57.

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.