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

Ninety One UK Ltd acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,951,595 shares of the mining company's stock, valued at approximately $45,043,000. Ninety One UK Ltd owned about 0.46% of AngloGold Ashanti as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. TT International Asset Management LTD increased its stake in shares of AngloGold Ashanti by 51.3% in the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after buying an additional 962,141 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AngloGold Ashanti by 378.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after acquiring an additional 3,782 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in AngloGold Ashanti by 297.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock valued at $6,900,000 after acquiring an additional 193,992 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of AngloGold Ashanti by 1,504.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after acquiring an additional 367,306 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of AngloGold Ashanti by 0.4% during the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company's stock worth $610,378,000 after purchasing an additional 80,563 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company's stock.

AngloGold Ashanti Stock Down 0.2 %

NYSE AU traded down $0.06 on Friday, reaching $31.44. The company had a trading volume of 1,753,573 shares, compared to its average volume of 2,369,018. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $26.18 and its 200-day moving average is $27.34. AngloGold Ashanti plc has a 52 week low of $16.49 and a 52 week high of $32.57.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price target on the stock in a report on Thursday, November 21st. Royal Bank of Canada upgraded AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, AngloGold Ashanti presently has an average rating of "Hold" and a consensus price target 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.