36,822 Shares in AngloGold Ashanti plc (NYSE:AU) Purchased by abrdn plc

abrdn plc bought a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,822 shares of the mining company's stock, valued at approximately $843,000.

Several other institutional investors have also recently made changes to their positions in AU. R Squared Ltd purchased a new position in shares of AngloGold Ashanti during the fourth quarter worth $36,000. Decker Retirement Planning Inc. acquired a new stake in AngloGold Ashanti during the fourth quarter valued at $69,000. SG Americas Securities LLC acquired a new stake in AngloGold Ashanti during the third quarter valued at $126,000. JPMorgan Chase & Co. grew its position in AngloGold Ashanti by 378.2% during the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock valued at $127,000 after buying an additional 3,782 shares during the period. Finally, Blue Trust Inc. grew its position in AngloGold Ashanti by 72.6% during the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company's stock valued at $151,000 after buying an additional 2,520 shares during the period. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AU. Scotiabank upgraded 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. Royal Bank of Canada upgraded 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, December 3rd. StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Investec upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. One 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, the stock has a consensus rating of "Hold" and an average price target of $31.75.

AngloGold Ashanti Trading Down 3.3 %

Shares of NYSE AU traded down $1.09 during trading on Friday, hitting $32.15. The company had a trading volume of 1,911,781 shares, compared to its average volume of 2,368,153. The stock has a fifty day simple moving average of $26.81 and a two-hundred day simple moving average of $27.50. AngloGold Ashanti plc has a fifty-two week low of $16.82 and a fifty-two week high of $33.77. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

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.